What is the purpose of the Buildingstars Franchise Disclosure Document?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
This disclosure document summarizes provisions of the franchise agreement and other information in plain language. Read this franchise disclosure document and all agreements carefully.
If we offer you a franchise, we must provide this disclosure document to you 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.
If we do not deliver this franchise disclosure document on time or 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 agency identified in Exhibit I.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, the document serves to summarize the provisions of the franchise agreement and other relevant information in plain language. The FDD is intended to be read carefully along with all agreements before signing any binding agreement or making any payment to Buildingstars or its affiliates related to the franchise sale.
Buildingstars is legally obligated to provide the disclosure document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make a payment. This gives potential franchisees time to thoroughly review the document and seek professional advice if needed. The document includes exhibits such as the Technician Franchise Agreement, On-Site Manager Franchise Agreement, Corporate Franchise Agreement, list of franchisees, audited financial statements, table of contents of the manual, list of state agencies/agents for service of process, state-specific addenda, and a receipt.
The FDD also outlines the steps to take if the document is not delivered on time, contains false or misleading statements, or has material omissions. In such cases, a violation of federal and state law may have occurred, and it should be reported to the Federal Trade Commission and the appropriate state agency listed in Exhibit I. This ensures that prospective Buildingstars franchisees are aware of their rights and have recourse if they encounter any issues with the disclosure process.
The Buildingstars FDD also includes a receipt that the prospective franchisee must sign, date, and return to Buildingstars Management, Inc. This receipt acknowledges that the franchisee received the disclosure document and understands its purpose. The FDD lists the names, principal business addresses, and telephone numbers of the franchise sellers offering the Buildingstars franchise.