What is the role of Durar Investment, LLC in relation to the Azal Coffee franchise agreement?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
If Durar Investment, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, Durar Investment, LLC or an affiliate in connection with the proposed franchise sale. Iowa, New York, and Rhode Island require that Durar Investment, LLC gives you this disclosure document at the earlier of the first personal meeting or 10 business days before you sign a binding agreement or pay any consideration that relates to the franchise relationship. Michigan and Oregon require that Durar Investment, LLC gives you this disclosure document at least 10 business days before you sign a binding agreement or pay any consideration, whichever occurs first.
If Durar Investment, 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.
Source: Item 23 — RECEIPTS (FDD pages 51–204)
What This Means (2024 FDD)
According to the 2024 Azal Coffee Franchise Disclosure Document, Durar Investment, LLC acts as the franchisor. This means that Durar Investment, LLC is the entity granting the franchise to operate an Azal Coffee store.
As the franchisor, Durar Investment, LLC has specific obligations and rights outlined in the Franchise Agreement. For example, if Durar Investment, LLC offers a franchise, it must provide the disclosure document to the prospective franchisee at least 14 calendar days before signing a binding agreement or making any payment related to the franchise. Certain states like Iowa, New York, and Rhode Island have stricter requirements, mandating the disclosure document be provided at the earlier of the first personal meeting or 10 business days before signing an agreement or paying consideration. Michigan and Oregon require at least 10 business days before signing or payment, whichever comes first.
Furthermore, the FDD states that if Durar Investment, LLC fails to deliver the disclosure document on time, or if the document contains false, misleading, or omits material information, it could be a violation of federal and state laws. This should be reported to the Federal Trade Commission and the relevant state agency. Therefore, Durar Investment, LLC's role as the franchisor carries legal responsibilities to provide accurate and timely information to potential franchisees.