To whom should violations related to the Burros Fries Franchise Disclosure Document be reported?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
IF BURROS & FRIES FRANCHISE, INC., DOES NOT DELIVER THIS DISCLOSURE DOCUMENT ON TIME OR IF IT CONTAINS A FALSE OR MISLEADING STATEMENT, OR A MATERIAL OMISSION, A VIOLATION OF FEDERAL LAW AND STATE LAW MAY HAVE OCCURRED AND SHOULD BE REPORTED TO THE FEDERAL TRADE COMMISSION, WASHINGTON, D.C. 20580 AND THE APPROPRIATE STATE AGENCY AS IDENTIFIED ON EXHIBIT B OF THIS DISCLOSURE DOCUMENT.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2024 FDD)
According to the 2024 Burros Fries Franchise Disclosure Document, if the document was not delivered on time, contains a false or misleading statement, or has a material omission, a violation of federal and state law may have occurred.
In such cases, the violation should be reported to two entities. First, the franchisee should report to the Federal Trade Commission (FTC) in Washington, D.C. 20580. Second, the franchisee should report to the appropriate state agency as identified on Exhibit B of the Burros Fries Disclosure Document.
It is important for prospective Burros Fries franchisees to understand their rights and responsibilities regarding the FDD. Reviewing the document carefully and knowing where to report potential violations is crucial for protecting their investment and ensuring compliance with franchise laws.