What action must the franchisee take to acknowledge the Illinois addendum for Black Bear Diner?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
Within 30 days after receipt of the site approval package by Franchisor, Franchisor shall deliver two (2) copies of the Franchise
Agreement along with a copy of its then current franchise disclosure document, if required by law. Immediately upon receipt of the franchise disclosure document, Developer shall return to Franchisor a signed copy of the Receipt Page of the disclosure document. Developer shall execute and deliver as instructed by Franchisor two copies of said Franchise Agreement and the balance of the Franchise Fee therefore as provided in Section 3.1 above.
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, when a developer receives the franchise disclosure document, they must return a signed copy of the Receipt Page to Black Bear Diner immediately. This action acknowledges receipt of the FDD, which may include an Illinois addendum if applicable.
This requirement ensures that the prospective franchisee has received and acknowledged the FDD, which contains important information about the franchise opportunity. The Receipt Page serves as proof that the franchisee was given the opportunity to review the document before signing the Franchise Agreement.
It is standard practice in franchising to require acknowledgment of the FDD to ensure compliance with franchise regulations and to protect both the franchisor and franchisee. Failing to return the signed receipt page could potentially delay or prevent the execution of the Franchise Agreement.