Where can I find the Receipts document in the Bang Cookies Franchise Disclosure Document?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 23 RECEIPTS
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.
Hawaii FDD Amendment
Amendments to the Bang Cookies Franchise Disclosure Document
Exhibit K "FDD Receipts," is supplemented with the addition of the following:
The Receipt for this Disclosure Document (Exhibit "K") is supplemented to add the following:
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- THIS FRANCHISE WILL BE/HAVE BEEN FILED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF HAWAII. FILING DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE DIRECTOR OF COMMERCE AND CONSUMER AFFAIRS OR A FINDING BY THE DIRECTOR OF COMMERCE AND CONSUMER AFFAIRS THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.
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- THE FRANCHISE INVESTMENT LAW MAKES IT UNLAWFUL TO OFFER OR SELL ANY FRANCHISE IN THIS STATE WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE, OR SUBFRANCHISOR, AT LEAST SEVEN DAYS BEFORE THE EXECUTION BY THE PROSPECTIVE FRANCHISEE, OF ANY BINDING FRANCHISE OR OTHER AGREEMENT, OR AT LEAST SEVEN DAYS BEFORE THE PAYMENT OF ANY CONSIDERATION BY THE FRANCHISEE, OR SUBFRANCHISOR, WHICHEVER OCCURS FIRST, A COPY OF THE DISCLOSURE DOCUMENT, TOGETHER WITH A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE SALE OF THE FRANCHISE.
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- THIS DISCLOSURE DOCUMENT CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT AND THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR A STATEMENT OF ALL RIGHTS, CONDITIONS, RESTRICTIONS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the receipts, specifically Exhibit K, are located at the very end of the document. The FDD includes two copies of a detachable receipt. As a prospective Bang Cookies franchisee, you are instructed to sign one copy and return it to George Kuan at Bang Cookies Franchise LLC, 550 Industrial Road, Unit D, Carlstadt, New Jersey 07072. The other copy is for your own records.
It is a standard practice for franchisors to include a receipt in the FDD. This receipt serves as confirmation that the prospective franchisee has received the disclosure document, which contains important information about the franchise opportunity. This receipt helps Bang Cookies comply with franchise disclosure laws, which require franchisors to provide the FDD to potential franchisees within a specific timeframe before they sign any agreements or pay any fees.
Bang Cookies also includes specific instructions for Hawaii FDD Amendment, stating that Exhibit K "FDD Receipts," is supplemented with additional information. This includes that the franchise will be filed under the Franchise Investment Law of the State of Hawaii and that filing does not constitute approval, recommendation, or endorsement by the Director of Commerce and Consumer Affairs. It also states that the Disclosure Document contains a summary only of certain material provisions of the franchise agreement and the contract or agreement should be referred to for a statement of all rights, conditions, restrictions and obligations of both the franchisor and the franchisee.
Prospective franchisees should ensure they carefully follow the instructions for completing and returning the receipt to Bang Cookies, as this confirms their acknowledgement of receiving the FDD and understanding their rights and obligations under franchise law. Franchisees should also note the additional information for Hawaii FDD Amendment.