Who signs the receipt on behalf of Black Bear Diner's franchisor, BBDI LLC?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
DATE: SIGNATURE: PRINT NAME: (return to BBDI LLC)
RECEIPT
This Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If BBDI LLC offers you a franchise, it must provide this disclosure document to you:
- (a) 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale, or
- (b) Under New York, and Rhode Island law, if applicable, at the earlier of (i) your first personal meeting to discuss the franchise, or (ii) 10 business days before you sign a binding agreement with, or make payment to us or an affiliate in connection with the proposed franchise sale, or
- (c) Michigan and Oregon require that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If BBDI LLC does not deliver this disclosure document on time of if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state administrator listed on Exhibit A.
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, the receipt includes fields for the date, signature, and printed name, which are to be returned to BBDI LLC. This receipt serves as an acknowledgment that the prospective franchisee received the disclosure document.
This process is part of Black Bear Diner's compliance with franchise regulations, ensuring that franchisees have access to the FDD for a sufficient review period before making any binding commitments or payments. The FDD also states that failure to deliver the disclosure document on time or if it contains false or misleading information, it should be reported to the Federal Trade Commission and the appropriate state administrator.
Prospective franchisees should note that signing this receipt does not obligate them to enter into a franchise agreement. It merely confirms they received the FDD, allowing them to proceed with their due diligence and seek professional advice before making a final decision about investing in a Black Bear Diner franchise.