Does the C12 Group disclosure document include state effective dates?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a disclosure document dated April 30, 2025 that included the following exhibits:
- A. Franchise Agreement
- A-1. General Release Form
- B. Financial Statements
- C. Agents for Service of Process; State Administrators
- D. List of Franchises
- E. Operating Manual Table of Contents
- F. Certain State Disclosures
- G. State Effective Dates
- H. Receipt
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
Yes, the C12 Group's 2025 Franchise Disclosure Document includes state effective dates. Specifically, Exhibit G to the FDD is titled "State Effective Dates." This exhibit would likely contain information regarding the dates on which the franchise offering became effective in various states, indicating when C12 Group was authorized to begin offering and selling franchises in those states.
State effective dates are important for prospective franchisees because they ensure that the franchisor has complied with state franchise laws and is legally permitted to offer franchises in those states. Selling franchises without proper registration and effective dates can lead to legal issues and potential rescission rights for franchisees.
It is advisable for a prospective C12 Group franchisee to review Exhibit G carefully to confirm that the franchise offering is effective in their state and to understand any specific requirements or disclosures related to their state.