Does the document mention any deadlines related to the establishment or operation of a Benjamin Franklin Plumbing franchise?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
If we offer you a franchise, we must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale. New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the Franchise Agreement or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. Iowa requires that we give you this disclosure document at the earlier of the first personal meeting or 14 calendar days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If we do not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency identified in Exhibit J.
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Benjamin Franklin Plumbing FDD, there are specific deadlines related to receiving the Franchise Disclosure Document (FDD) before signing any agreements or making payments. The FDD states that Benjamin Franklin Plumbing must provide the disclosure document to prospective franchisees 14 calendar days before they sign a binding agreement or make a payment related to the franchise sale. However, this deadline varies in certain states.
For instance, New York requires Benjamin Franklin Plumbing to provide the FDD at the earlier of the first personal meeting or 10 business days before the execution of the Franchise Agreement or any payment related to the franchise. Similarly, Michigan requires the FDD to be provided at least 10 business days before signing any binding agreement or making any payment, whichever comes first. Iowa has a deadline of the earlier of the first personal meeting or 14 calendar days before the execution of the franchise agreement or the payment of any consideration.
These deadlines are crucial for prospective Benjamin Franklin Plumbing franchisees because they ensure that franchisees have enough time to review the FDD and make informed decisions. Failure by Benjamin Franklin Plumbing to meet these deadlines or the inclusion of false or misleading information in the FDD could result in violations of federal and state laws. Franchisees are advised to report any such violations to the Federal Trade Commission and the appropriate state agency.