factual

What is the issuance date of this Better Blend disclosure document?

Better_Blend Franchise · 2024 FDD

Answer from 2024 FDD Document

Issuance Date: May 3, 2024.

I received a disclosure document dated May 3, 2024, that included the following Exhibits:

  • A. State Administrators and Agents for Service of Process
  • B. Franchise Agreement (with Guaranty and Non-Compete Agreement)
  • C. Multi-Unit Development Agreement
  • D. Rider to Lease Agreement
  • E. Form of General Release
  • F. Financial Statements
  • G. Brand Standards Manual Table of Contents
  • H. Current and Former Franchisees
  • I. State Addenda to Disclosure Document
  • J. State Addenda to Agreements
  • K. EFT Authorization Form

Source: Item 23 — RECEIPTS (FDD pages 43–157)

What This Means (2024 FDD)

According to Better Blend's 2024 Franchise Disclosure Document, the issuance date is May 3, 2024. This date is important because it signifies when the disclosure document was finalized and made available to prospective franchisees. Franchise laws require that a franchisee receive the disclosure document at least 14 calendar days before signing a binding agreement or making any payments to Better Blend. This gives potential franchisees adequate time to review the document and seek professional advice.

Better Blend includes this issuance date on a receipt page within the FDD. This receipt is intended to be signed by the prospective franchisee to acknowledge they received the FDD, along with its included exhibits, on or after the issuance date. The exhibits listed as part of the disclosure document include critical information such as state administrators and agents for service of process, the franchise agreement, multi-unit development agreement, lease agreement rider, form of general release, financial statements, brand standards manual table of contents, lists of current and former franchisees, and any state-specific addenda.

In addition to the general issuance date, Better Blend notes that for franchisees in Ohio, the Disclosure Document is amended by adding two cover pages with the same date of May 3, 2024. These cover pages include specific disclaimers required by Ohio law. This highlights the importance of reviewing any state-specific addenda included in the FDD, as these may contain additional disclosures or modifications to the franchise agreement that are relevant to franchisees operating in those states.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.