What is the significance of signing the receipt form in Exhibit H of the C12 Group FDD?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
You should return one copy of the signed receipt either by signing, dating, and mailing it to The C12 Group, LLC, 777 E. Sontera Blvd., Suite 305, San Antonio, TX 78258 or by signing electronically the document sent to you from The C12 Group, LLC. Franchisor's copy (Please return)
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 our 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.
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 received the FDD. The receipt confirms that the C12 Group provided the disclosure document, which summarizes the franchise agreement, at least 14 calendar days before the franchisee signs a binding agreement or makes a payment. Certain states, like New York, Rhode Island, and Michigan, have different timelines for providing the FDD. New York and Rhode Island require the FDD at the earlier of the first personal meeting or ten business days before signing or payment, while Michigan requires ten business days.
Signing and returning the receipt confirms the franchisee received the FDD and its exhibits, which include the Franchise Agreement, General Release Form, Financial Statements, list of agents for service of process and state administrators, list of franchises, operating manual table of contents, state disclosures, and state effective dates. The FDD also states that if the C12 Group does not deliver the 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. This should be reported to the Federal Trade Commission and the applicable state agency listed in Exhibit C.
The FDD indicates that the franchisee should return a copy of the signed receipt to C12 Group either by mailing it to their office in San Antonio, TX, or by electronically signing the document. This signed receipt serves as proof that C12 Group has met its legal obligation to provide the FDD within the mandated timeframe, protecting both the franchisee and the franchisor by documenting compliance with disclosure laws.
By signing the receipt, a prospective C12 Group franchisee acknowledges they have received critical information needed to make an informed investment decision. Failing to provide the FDD within the stipulated timeframes could expose C12 Group to legal liabilities, making the receipt a crucial piece of documentation for demonstrating compliance.