What exhibit in the Bang Cookies Disclosure Document contains the detachable receipt?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Two copies of a detachable receipt in Exhibit K are located at the very end of this Disclosure Document. Please sign one copy of the receipt and return it to us at the following address George Kuan, Bang Cookies Franchise LLC, 550 Industrial Road, Unit D, Carlstadt, New Jersey 07072. The duplicate is for your records.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, two copies of a detachable receipt are located in Exhibit K at the end of the document. Prospective franchisees are instructed to sign one copy of the receipt and return it to Bang Cookies Franchise LLC at their Carlstadt, New Jersey address. The other copy is for the franchisee's records.
This receipt serves as an acknowledgment that the franchisee received the Franchise Disclosure Document (FDD). Franchisors are legally required to provide the FDD to potential franchisees within a specific timeframe before any binding agreements are signed or payments are made. This allows the franchisee adequate time to review the document and make an informed decision.
The inclusion of a detachable receipt in Exhibit K simplifies the process of confirming receipt of the FDD. By signing and returning the receipt, the franchisee acknowledges they have received the document, which helps Bang Cookies comply with franchise regulations and provides a record of compliance.