What is the significance of signing the disclosure document receipt for Canine Dimensions?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
---|---|---| | Security Deposit | 9,800 | 9,800 | | Total Other Assets | 50,129 | 50,129 | | TOTAL ASSETS | 513,790 | 465,421 | Please sign two copies of the receipt and date your signature. Keep one copy for your records, and return the other copy to Phil Guida, Canine Dimensions, LLC, 12 Providence Rd, Bonita Springs, Florida 34135, or at phil@caninedimensions.com.
RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Canine Dimensions, 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. Under Iowa or New York law, if applicable, Canine Dimensions, LLC must provide this disclosure document to you at your 1st personal meeting to discuss the franchise or 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. Michigan requires Canine Dimensions, LLC to give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Canine Dimensions, 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 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 identified on Exhibit A.
The name, principal business address and telephone number of franchise seller offering the franchise is Philip J. Guida, Canine Dimensions LLC, 12 Providence Rd., Bonita Springs, Florida 34135, tel: 888-281-3647. The name and address of other franchise sellers that have dealt with franchisee (franchisor: attach additional pages if necessary) - None:
| Issuance Date: APRIL 16, 2025 |
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See Exhibit A for Canine Dimensions, LLC's registered agents authorized to receive service of process.
I have received a disclosure document dated APRIL 16, 2025 that included the following Exhibits:
- A. List of State Agencies/Agents for Service of Process
- B. Financial Statements
- C. Franchise Agreement
- D. List of Franchisees
- E. List of Franchisees Who Have Left the System
- F. State Specific Addendum
- G. Franchise Disclosure Acknowledgment Statement
- H.
Source: Item 23 — RECEIPTS (FDD pages 36–148)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, signing the receipt acknowledges that the franchisee has received the FDD. This is a crucial step in the franchise sales process, confirming that Canine Dimensions has provided the potential franchisee with essential information. The receipt includes a list of exhibits that should be included with the disclosure document, such as the list of state agencies/agents for service of process, financial statements, the franchise agreement, lists of current and former franchisees, a state-specific addendum, a franchise disclosure acknowledgment statement, the manual table of contents, and the franchise disclosure document receipt and state effective dates.
Signing the receipt is also significant because it triggers a waiting period. Federal law mandates that Canine Dimensions must provide the FDD to a prospective franchisee at least 14 calendar days before they sign a binding agreement or make any payment to Canine Dimensions. Certain states, like Iowa, New York, and Michigan, have similar regulations, with specific timelines tied to the first personal meeting or execution of agreements. This waiting period allows the franchisee adequate time to review the document and seek professional advice.
The FDD receipt also serves as a protective measure for the franchisee. It explicitly states that if Canine Dimensions does not deliver the disclosure document on time, or if the document contains false, misleading, or omits material information, it could be a violation of federal and state laws. The receipt advises the franchisee to report such violations to the Federal Trade Commission and the appropriate state agency, whose contact information can be found in Exhibit A. By signing the receipt, the franchisee acknowledges their awareness of these rights and responsibilities.
In summary, signing the Canine Dimensions FDD receipt is a formal acknowledgement of receiving the disclosure document and its exhibits, which starts a mandatory review period. It also informs the prospective franchisee of their legal rights and avenues for reporting potential violations, ensuring transparency and protecting their interests during the franchise purchasing process. The receipt is an important legal document for both Canine Dimensions and the prospective franchisee.