What should a prospective Auntie Annes franchisee do if the Disclosure Document contains a false or misleading statement?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
If Auntie Anne's Franchisor SPV LLC does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the applicable state agency listed in Exhibit F.
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, if the document contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred. In such a case, the document advises that it should be reported to the Federal Trade Commission (FTC) in Washington, D.C., as well as to the applicable state agency listed in Exhibit F of the FDD.
This instruction is a standard disclosure in franchise agreements, intended to protect prospective franchisees by ensuring the accuracy and completeness of the information provided. By reporting any discrepancies, potential franchisees can help ensure compliance and transparency in the franchise sales process.
It is important for prospective Auntie Anne's franchisees to carefully review the Disclosure Document and all related agreements. Should they identify any inconsistencies, inaccuracies, or omissions, they should follow the reporting guidelines outlined in the FDD to protect their rights and interests.