What is the minimum number of calendar days before executing the Body20 franchise agreement that a franchisee must receive the FDD?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
If BODY20 Franchisor LLC ("Franchisor") offers you a franchise, it must provide this disclosure document to you 14 days before you sign a binding agreement with, or make a payment to, Franchisor or one of its affiliates in connection with the proposed franchise sale. Iowa requires that we provide you with this Disclosure Document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale. New York requires that Franchisor provide you with this Disclosure Document at the earlier of the first personal meeting or 10 business days before you sign a binding agreement with, or make payment to, Franchisor or one of its affiliates in connection with the proposed sale. Michigan requires that Franchisor provide you with this Disclosure Document 10 business days before you sign a binding agreement with, or make payment to, Franchisor or one of its affiliates in connection with the proposed sale.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, Body20 Franchisor LLC must provide the FDD to prospective franchisees at least 14 days before they sign a binding agreement or make a payment related to the franchise sale. This 14-day period is mandated to allow potential franchisees sufficient time to review the document and seek professional advice. However, the disclosure requirements vary by state.
Iowa requires that Body20 provide the FDD to prospective franchisees at the earlier of the first personal meeting or 14 calendar days before signing a binding agreement or making a payment. New York and Michigan have a 10 business day requirement before signing an agreement or making a payment.
It is important for prospective Body20 franchisees to be aware of the specific FDD delivery requirements in their state to ensure compliance and to protect their rights. Franchisees should consult with legal and financial advisors to fully understand the implications of the FDD and the franchise agreement before making any commitments.