What New York law governs sales made by C12 Group?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Receipts--Any sale made must be in compliance with § 683(8) of the Franchise Sale Act (N.Y. Gen. Bus. L. § 680 et seq.), which describes the Rev. April 2, 2024 time period a Franchise Disclosure Document (offering prospectus) must be provided to a prospective franchisee before a sale may be made. New York law requires a franchisor to provide the Franchise Disclosure Document at the earliest of the first personal meeting, ten (10) business days before the execution of the franchise or other agreement, or the payment of any consideration that relates to the franchise relationship.
Source: Item 23 — RECEIPTS (FDD pages 46–137)
What This Means (2025 FDD)
According to the 2025 C12 Group Franchise Disclosure Document, sales made by C12 Group in New York must comply with § 683(8) of the Franchise Sale Act (N.Y. Gen. Bus. L. § 680 et seq.). This law outlines the timeframe in which C12 Group must provide a Franchise Disclosure Document (FDD) to prospective franchisees before a sale can be finalized.
Specifically, New York law mandates that C12 Group must furnish the FDD to the prospective franchisee at the earliest of these events: the first personal meeting between the parties, ten business days before the execution of the franchise agreement or any related agreement, or when any consideration is paid that pertains to the franchise relationship.
This requirement ensures that potential C12 Group franchisees in New York have adequate time to review the FDD and make informed decisions. The law aims to protect franchisees by providing them with necessary information about the franchise opportunity before they commit financially or legally. Prospective franchisees should carefully note these timelines and ensure they receive the FDD in a timely manner to allow for thorough evaluation.