What is the date a prospective Carbones Pizzeria franchisee should indicate on the receipt?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
Please indicate the date on which you received this disclosure document, and then sign and print your name below, indicate the date you sign this receipt, and promptly return one completed copy of the Receipt to M & T Pizza Incorporated, 680 East Seventh Street, St. Paul, Minnesota 55106. This copy of the Receipt is for your records.
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria FDD, a prospective franchisee should indicate the date on which they received the disclosure document. The FDD states that the receipt should be signed and dated by the franchisee to acknowledge they received the document.
The FDD also specifies that M & T Pizza Incorporated must provide the disclosure document to the prospective franchisee 14 calendar days before they sign a binding agreement or make a payment to the franchisor or an affiliate in connection with the proposed franchise sale. The issuance date of the disclosure document is May 7, 2025.
It is important for the prospective franchisee to accurately record the date they received the disclosure document, as this confirms their awareness of the terms and conditions outlined in the franchise agreement. This date is a crucial element in ensuring compliance with federal and state laws related to franchising, and it protects both the franchisor and franchisee by establishing a clear timeline for the franchise sale process.