What is the significance of Exhibit H in the C12 Group FDD?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT H
RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully.
If the C12 Group, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
New York and Rhode Island require that we provide you with this disclosure document at the earlier of the first personal meeting or ten business days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale. Michigan requires that we provide you with this disclosure document ten business days before you sign a binding agreement with, or make payment to, it or one of its affiliates in connection with the proposed sale.
If the C12 Group, LLC 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 and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C., 20580 and the applicable state agency listed in Exhibit C of this disclosure document.
The C12 Group, LLC's sales agent for this offering is Michael Sharrow, 777 E. Sontera Blvd., Suite 305, San Antonio, TX 78258, (210) 767-6200. The C12 Group LLC authorizes the respective state agencies identified on Exhibit C to receive service of process for it in the particular state.
Issuance date: April 30, 2025
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)
According to the 2025 C12 Group Franchise Disclosure Document, Exhibit H is a receipt that acknowledges the franchisee's receipt of the FDD. The document confirms that the FDD summarizes the franchise agreement and other information. It emphasizes the importance of carefully reading the FDD and all related agreements.
The FDD states that C12 Group must provide the disclosure document to a prospective franchisee at least 14 calendar days before they sign a binding agreement or make any payment related to the franchise. Certain states, like New York, Rhode Island, and Michigan, have specific requirements regarding the timing of providing the FDD, such as at the first personal meeting or a certain number of business days before signing or payment.
The FDD also advises that if C12 Group does not deliver the disclosure document on time, or if it contains false or misleading statements or material omissions, it could be a violation of federal and state law. In such cases, the franchisee is advised to report it to the Federal Trade Commission and the relevant state agency listed in Exhibit C. The issuance date of the disclosure document is April 30, 2025, and Exhibit H, the receipt, is included as part of the complete set of exhibits.