Does the Franchisee Acknowledgment Statement require franchisees to confirm they received the Caring Transitions Franchise Disclosure Document at least 14 days before signing the Franchise Agreement?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
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? | | Do you understand that you are responsible for investigating and complying with any and all laws, regulations, and licensing requirements that may apply in your | | | |----------------------|---------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | Yes | No | | | | | GIVEN DIRECTLY BY A CARING TRANSITIONS written or oral statement or promise regarding: | FRANCHISEE. | NOTE: QUESTIONS 9 THROUGH 14 DO NOT APPLY TO ANY INFORMATION YOU WERE Has any employee of Franchisor or other person speaking on behalf of Franchisor made any | | 9. | | the actual revenue or profits of a Caring Transitions | franchise | that is contrary to or | | different | | from the information in the Disclosure Document? Yes | No | | | 10. | contrary to or different | the amount of money you can earn operating a Caring Transitions from the information in the Disclosure Document? Yes | No | franchise that is | | 11. | the amount of that is contrary to or different | sales revenue Yes | you can earn operating a Caring Transitions from the information in the Disclosure Document? No | franchise | | 12. | in operating a Caring Transitions the Disclosure Document? | Yes | franchise, that is contrary to or different No | your initial investment to open a Caring Transitions franchise or the costs you may incur from the information in | | 13. | | provide you that is contrary to or different from | | the advertising, marketing, training, support services, or assistance that Franchisor will | | Document? | | Yes | No | the information in the Franchise Disclosure | | 14. | information in the Disclosure Document? | any other aspect of a Caring Transitions Yes | No | franchise that is contrary to or different from the | | blank. | | | | If you answered "Yes" to any of Questions 9 through 14, please provide a full explanation of your answer in the following space (attach additional pages if necessary and refer to them in the space below). If you answered "No" to every Question 9 through 14, please leave the following space | | | | | | | You understand that your answers are important to us and that we will rely on them in entering into the Franchise Agreement with you.
NOTHING IN THIS DOCUMENT IS TO BE CONSTRUED AS A RELEASE, ESTOPPEL OR WAIVER OF ANY LIABILITY OR OBLIGATION IMPOSED BY A STATE FRANCHISE OR INVESTMENT LAW.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2025 FDD)
According to the 2025 Caring Transitions Franchise Disclosure Document, the Franchisee Acknowledgment Statement does address the franchisee's receipt of the FDD. Specifically, the document includes a table with a question asking franchisees to confirm whether they received the Franchise Disclosure Document at least 14 days before signing the Franchise Agreement or paying any money for the franchise. Franchisees must answer "Yes" or "No" to this question as part of the acknowledgment. This is a standard practice in franchising, ensuring franchisees have adequate time to review the FDD before making a financial commitment.
This acknowledgment serves as a record that Caring Transitions provided the FDD within the legally required timeframe. By signing this statement, the franchisee confirms they had the opportunity to carefully consider the terms of the franchise agreement and seek professional advice if needed. If a franchisee answers "No" to this question, it could indicate a violation of franchise laws, potentially giving the franchisee legal recourse.
In addition to the 14-day receipt confirmation, the Franchisee Acknowledgment Statement for Caring Transitions covers several other important points. It includes questions about whether the franchisee read and understood the franchise contracts, discussed the purchase with an advisor, understands the risks, and acknowledges that their success depends on their own skills and external factors. It also addresses whether any Caring Transitions employee made statements about potential revenue or profits that contradict the information in the Disclosure Document. These questions aim to ensure the franchisee is fully informed and aware of the realities of investing in a Caring Transitions franchise.