According to the receipt, what date was the Bft disclosure document dated?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated March 14, 2025, that included the following Exhibits:
Exhibit A Form of Franchise Agreement and Exhibits Exhibit H State Specific Addenda Exhibit B List of State Agents for Service of Process and State Administrators Exhibit I List of Franchisees Exhibit C Financial Statements Exhibit J List of Franchisees That Left System Exhibit D Guaranty of Performance Exhibit K Form of Multi-Unit Agreement Exhibit E Statement of Prospective Franchisee Exhibit L-1 Form of Sourcing Fee Addendum (Franchise Agreement) Exhibit F Table of Contents of Manual Exhibit L-2 Form of Sourcing Fee Addendum (Multi-Unit Agreement) Exhibit G Form of General Release Exhibit M Receipts
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to the 2025 FDD, the Bft disclosure document is dated March 14, 2025. This date is important because federal and state laws mandate that Bft provide the Franchise Disclosure Document to prospective franchisees within a specific timeframe before they sign any binding agreements or make payments. This allows potential franchisees adequate time to review the document and seek professional advice.
The FDD includes a receipt that confirms the franchisee received the disclosure document, and this receipt also indicates the issuance date of the document. Both the franchisee and Bft sign this receipt, acknowledging the franchisee's receipt of the FDD and its exhibits.
Prospective franchisees should verify that the date on the receipt matches the date on the disclosure document itself. This ensures that they have received the most current version of the FDD. Furthermore, franchisees should carefully note the date they receive the FDD to ensure compliance with the mandated review periods under federal and state laws, as these laws provide important protections to franchisees during the franchise sales process.