What is the purpose of the Bevaris Alliance Franchise Disclosure Document?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPT]
ITEM 23: RECEIPT
The last page of this Disclosure Document consists of a detachable document acknowledging receipt of this Disclosure Document by you.
EXHIBIT A FRANCHISE AGREEMENT
[To Be Attached]
DATED
[ENTER DATE]
FRANCHISE AGREEMENT
between
BEVARIS ALLIANCE FRANCHISE SYSTEM, LLC
and
[ENTER FRANCHISEE NAME]
CONTENTS
EXHIBIT H STATE ADDENDA
STATE SPECIFIC ADDENDA CALIFORNIA ADDENDUM TO DISCLOSURE DOCUMENT
- 1. The registration of this franchise offering by the California Department of Financial Protection and Innovation does not constitute approval, recommendation, or endorsement by the Commissioner.
-
- THE CALIFORNIA FRANCHISE INVESTMENT LAW REQUIRES THAT A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE SALE OF THE FRANCHISE BE DELIVERED TOGETHER WITH THE DISCLOSURE DOCUMENT.
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- SECTION 31125 OF THE FRANCHISE INVESTMENT LAW REQUIRES US TO GIVE YOU A DISCLOSURE DOCUMENT APPROVED BY THE COMMISSIONER OF FINANCIAL PROTECTION AND INNOVATION BEFORE WE ASK YOU TO CONSIDER A MATERIAL MODIFICATION OF YOUR FRANCHISE AGREEMENT.
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- No statement, questionnaire, or acknowledgement signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
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- Our website has not been reviewed or approved by the California Department of Financial Protection and Innovation. Any complaints concerning the content of this website may be directed to the California department of Financial Protection and Innovation at https://dfpi.ca.gov.
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- The following language is added to the end of Item 3 of the Disclosure Document:
Neither we, our parent, predecessor or affiliates nor any person identified in Item 2 of the Disclosure Document is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, 15 U.S.C.A. 78a et seq., suspending or expelling such person from membership in such association or exchange.
- Item 6 is amended by adding the following to the Remarks in the "Late Fee and Interest on Overdue Payments" section:
| 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 the 2024 Bevaris Alliance Franchise Disclosure Document, the last page of the document serves as an acknowledgment of receipt. This detachable document is designed for the prospective franchisee to acknowledge that they have received the FDD.
In the state of California, the FDD has specific stipulations. The California Franchise Investment Law mandates that all proposed agreements related to the sale of the franchise must be delivered along with the disclosure document. Furthermore, Section 31125 of the Franchise Investment Law requires Bevaris Alliance to provide a disclosure document approved by the Commissioner of Financial Protection and Innovation before asking a franchisee to consider any material modifications to their franchise agreement. The state addendum also clarifies that no statement signed by a franchisee can waive claims under state franchise law or disclaim reliance on statements made by the franchisor.
The FDD also includes exhibits such as the Franchise Agreement, Financial Statements, a list of state agencies and agents for service of process, and state addenda. These exhibits provide detailed information about the legal and financial aspects of the Bevaris Alliance franchise offering, ensuring that potential franchisees have access to all necessary information before making a decision.