What information must the franchisee provide on the receipt for the Bevaris Alliance Franchise Disclosure Document?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| Beverly Hills, CA 90210. |
|---|
| Issuance Date:, 2021 (with the effective dates in franchise registration states as noted on page 3 of this Franchise Disclosure Document). |
| We authorize the respective state agencies identified on $\underline{\text{Exhibit C}}$ to receive service of process for Bevaris Alliance Franchise System, LLC in the particular state. |
| I have received a Franchise Disclosure Document dated that includes the following Exhibits: |
| A Franchise Agreement B Financial Statements C List of State Agencies; Agent for Service of Process D State Addendums Date: |
| Franchisee Name |
| By |
| Its: |
| WITNESS: |
| (Date, Sign and Keep for Your Records and Our Records) |
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the franchisee must provide the date they received the Franchise Disclosure Document, which includes exhibits such as the Franchise Agreement, Financial Statements, List of State Agencies and Agent for Service of Process, and State Addendums. The franchisee must also print their name, sign, and indicate their title. The receipt serves as an acknowledgement that the franchisee has received and reviewed the FDD, which is a critical step in the franchise purchasing process. Both the franchisee and Bevaris Alliance retain a copy of this receipt for their records.
This receipt is important because it confirms that Bevaris Alliance has provided the franchisee with the necessary information to make an informed decision. Franchise laws require franchisors to provide this document within a specific timeframe before any binding agreements are signed or money is exchanged. By signing the receipt, the franchisee acknowledges they have received this information, which can protect both parties in case of future disputes.
Prospective franchisees should carefully review the Franchise Disclosure Document and its exhibits before signing the receipt. If there are any questions or concerns, they should seek legal and financial advice. Keeping a personal copy of the signed receipt and the entire FDD is crucial for future reference during the franchise term.