If you do not understand aspects of the Caring Transitions franchise contracts, what specific parts are unclear?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
| Exhibit F | The franchise agreement you will sign when you purchase a Caring Transitions franchise |
|---|---|
| Exhibit G | Website Terms of Use Agreement that authorizes you to use websites that we may make available to you |
| Exhibit H | The personal guaranty to be signed by the owners of a non-individual franchisee |
| Exhibit I | The restrictive covenant agreement to be signed by the owners of a non-individual franchisee and by employees with management responsibility (see Item 15 above) |
| Exhibit J | Power of Attorney that authorizes us to assume the telephone numbers and Internet and World Wide Web-based rights relating to your franchised business after your franchise expires or terminates |
| Exhibit K | The agreement you will sign if you purchase a right of first refusal to buy an additional franchise |
| Exhibit M | Electronic Funds Transfer Authorization that authorizes us to debit your bank account for the Royalties, National Branding Fund contributions, and other fees you are required to pay us. |
| Exhibit N | An assignment agreement to assign your individual rights in the franchise agreement to a business entity |
| Exhibit O | Franchisee Acknowledgment Statement |
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Item 23. 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 Caring Transitions offers you a franchise, it must provide this disclosure document to you 14 days before you sign a binding agreement or make a payment with the franchisor or an affiliate in connection with the proposed franchise sale.Under Michigan, Oklahoma, Rhode Island or Washington law, if applicable, Caring Transitions must provide this disclosure document to you at your first personal meeting to discuss the franchise, if earlier. Under New York law, if applicable, Caring Transitions must provide this disclosure document to you at the earlier of the first personal meeting 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.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, Item 23, "RECEIPT", states that the document summarizes certain provisions of the Franchise Agreement and other information in plain language. It advises potential franchisees to read the disclosure document and all agreements carefully.
Prospective franchisees are urged to seek clarification on any aspects of the franchise agreement they find unclear. Item 22 lists various exhibits, including Exhibit F, which is the franchise agreement itself, Exhibit G, the Website Terms of Use Agreement, Exhibit H, the Personal Guaranty, Exhibit I, the Restrictive Covenant Agreement, Exhibit J, the Power of Attorney, Exhibit K, the agreement for the right of first refusal, Exhibit M, the Electronic Funds Transfer Authorization, Exhibit N, an assignment agreement, Exhibit O, the Franchisee Acknowledgment Statement, and Exhibit R, the addendum for the Winner's Circle program.
If a potential franchisee finds any of these agreements unclear, they should seek legal counsel. Furthermore, they should utilize the Franchisee Acknowledgment Statement (Exhibit O) to address any unauthorized statements or promises made during the franchise sales process, ensuring all understandings are documented and accurate before entering into the agreement.