What is the Caring Transitions franchisee acknowledging regarding the non-refundable nature of the payment?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
te in the Winner's Circle program
Exhibit S Remittance Form you will send us along with your deposit
Exhibit P State-Specific Additional Disclosures and Riders
described in Item 5
EXHIBIT O
FRANCHISEE ACKNOWLEDGMENT STATEMENT
As you are aware, you have or are preparing to enter into a Franchise Agreement with C.T. Franchising Systems, Inc. (Franchisor) for the operation of a Caring Transitions® franchise. The purpose of this questionnaire is to determine whether any statements or promises were made to you, either verbally or in writing, that the Franchisor did not authorize and that may be untrue, inaccurate, or misleading. Please read each of the following questions carefully and provide honest and complete responses to each question.
| 1. | Did you receive a copy of the signed the Franchise Agreement | or the remittance form | Franchise Disclosure Document at least 14 days before you or paid any money for the franchise? | |
|---|---|---|---|---|
| Yes | No | |||
| 2. | Did you read the franchise contracts and their exhibits? Yes | No | ||
| 3. | Do you understand everything in the franchise contracts and their exhibits? Yes If "No," what parts of (Attach additional pages if necessary.) | No the franchise contracts or their exhibits do you NOT understand? | ||
| 4. | Have you discussed your purchase of a Caring Transitions franchise with an attorney, accountant, or other professional advisor? Yes | No | ||
| 5. | If you answered "No" to Question 4, do account, or other professional advisor? Yes | you understand that you may consult with an attorney, No | ||
| 6. | Do you understand the risks of investing in and operating a franchise? Yes | Caring Transitions No | ||
| 7. factors? | will depend in large part upon your skills and abilities, the number of hours you are willing to work, competition from other businesses, interest rates, the general state of the economy, inflation, labor and supply costs, and other general economic and business Yes | Do you understand that the success or failure of your Caring Transitions franchise No | ||
| 8. territory? |
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2025 FDD)
Based on the 2025 Caring Transitions Franchise Disclosure Document, Exhibit O, the Franchisee Acknowledgment Statement, aims to confirm that prospective franchisees were not subjected to unauthorized, untrue, inaccurate, or misleading statements or promises by Caring Transitions during the franchise sales process.
Item 23, the Receipt, emphasizes the importance of carefully reviewing the disclosure document and all related agreements. It confirms that Caring Transitions must provide the disclosure document to the franchisee at least 14 days before signing any binding agreement or making any payment related to the franchise. This timeframe allows the franchisee to thoroughly evaluate the opportunity and seek professional advice if needed.
Additionally, Item 23 outlines the franchisee's rights and recourse in case of delayed delivery, false statements, misleading information, or material omissions in the disclosure document. In such instances, the franchisee is entitled to report the violation to the Federal Trade Commission and the appropriate state agency. This provision serves as a safeguard, ensuring transparency and accountability on the part of Caring Transitions during the franchise sales process.