What exhibit in the Bft Franchise Disclosure Document contains receipts?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
See Exhibit B for BFT Franchise SPV, LLC's registered agents authorized to receive service of process.
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 Please sign this copy of the receipt, print the date on which you received this disclosure document, and return it, by mail or email to BFT Franchise SPV, LLC, 17877 Von Karman Avenue, Suite 100, Irvine, California 92614. Email: salesinfo@xponential.com.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, Exhibit M includes receipts. Franchisees are required to sign a receipt confirming they received the FDD. This receipt helps Bft prove they provided the document in a timely manner, as mandated by federal and state laws. The FDD must be delivered to prospective franchisees at least 14 calendar days before signing any binding agreement or making any payment related to the franchise sale. Some states, like Iowa, Michigan, and New York, have specific requirements regarding when the FDD must be provided, such as at the first personal meeting or a certain number of business days before signing an agreement or making a payment.
If Bft fails to deliver the FDD on time or if the document contains false, misleading, or omits material information, it could be a violation of federal and state laws. This must be reported to the Federal Trade Commission and the appropriate state agency, which is identified in Exhibit B of the FDD. The inclusion of receipts in Exhibit M and the detailed explanation of disclosure requirements highlight the importance of legal compliance in the franchise sales process.
Prospective franchisees should carefully review all exhibits and attachments in the FDD, including Exhibit M, to fully understand their rights and obligations. They should also ensure they receive the FDD within the legally mandated time frame and that all information is accurate and complete. Consulting with a franchise attorney can help franchisees navigate these requirements and protect their interests.