What must a B Bops franchisee do with the two copies of the disclosure document acknowledgement?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Two copies of an acknowledgement of your receipt of this disclosure document are attached as Exhibit "I." Please sign and date both, return one to the Company, and retain the other for your records.
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, Exhibit I includes two copies of the disclosure document acknowledgement. The franchisee must sign and date both copies, return one to B Bops, and keep the other copy for their own records.
This procedure is standard in franchising, ensuring that both the franchisor and franchisee have a record of the franchisee's receipt of the FDD. This acknowledgement is important because it confirms that the franchisee had access to the necessary information before making a financial commitment to the franchise.
By retaining a copy, the franchisee has proof that they received the disclosure document, which outlines the terms and conditions of the franchise agreement. This can be crucial in resolving any potential disputes or misunderstandings that may arise later in the franchise relationship. It is important for the franchisee to carefully review and understand the disclosure document before signing the acknowledgement.