What action is required after reviewing the Better Blend disclosure document?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Better Blend Franchising, 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, the franchisor or an affiliate in connection with the proposed franchise sale. New York requires that you be given this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of any franchise or other agreement, or payment of any consideration that relates to the franchise relationship.
If Better Blend Franchising, 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 any applicable state agency (which are listed in Exhibit A).
Source: Item 23 — RECEIPTS (FDD pages 43–157)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, after receiving the document, a prospective franchisee should read the disclosure document and all agreements carefully. Better Blend must provide the disclosure document to you 14 calendar days before you sign a binding agreement or make a payment to Better Blend or an affiliate. In New York, the disclosure document must be provided at the earlier of the first personal meeting or 10 business days before signing any agreement or paying any consideration related to the franchise.
The FDD also advises that if Better Blend does not deliver the disclosure document on time, or if it contains false or misleading statements, or a material omission, it should be reported to the Federal Trade Commission in Washington, D.C., and any applicable state agency listed in Exhibit A.
In Ohio, the FDD includes two cover pages and a caution regarding earnings claims. In California, all owners of the franchise will be required to execute personal guarantees, potentially placing marital assets at risk in community property states. Several other states including North Dakota, Minnesota, Rhode Island, and Virginia have state-specific addenda that modify certain terms or conditions of the franchise agreement.