What is the significance of signing the receipt page in the Caring Transitions Franchise Disclosure Document?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
If Caring Transitions 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 and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency listed on Exhibit B.
The name, principal business address, and telephone number of each Franchise Seller offering the franchise is: Ray Fabik, President, James Stapleton, Vice President of Franchise Development, and: Name: Title: all at 4755 Lake Forest Drive, Suite 100, Cincinnati, Ohio 45242, (513) 999-9917.
The issuance date of this Franchise Disclosure Document is April 14, 2025.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the receipt page confirms that the franchisor has provided the document to the prospective franchisee within the legally required timeframe. Specifically, Caring Transitions must provide the FDD at least 14 days before the franchisee signs a binding agreement or makes any payment related to the franchise. In certain states like Michigan, Oklahoma, Rhode Island, or Washington, the FDD must be provided at the first personal meeting if it occurs earlier. New York law requires the FDD to be provided at the earlier of the first personal meeting or ten business days before signing any agreement or making a payment.
If Caring Transitions fails to deliver the FDD on time, or if the document contains false, misleading, or omits important information, it could constitute a violation of federal and state law. The FDD states that such violations should be reported to the Federal Trade Commission and the appropriate state agency. The document also lists the names, addresses, and phone numbers of the Franchise Sellers at Caring Transitions, along with the issuance date of the FDD, which is April 14, 2025.
In essence, signing the receipt page is an acknowledgment that the prospective franchisee received the FDD, which contains important information about the Caring Transitions franchise opportunity. This acknowledgment helps protect the franchisee's rights and ensures compliance with franchise regulations. It is crucial for prospective franchisees to carefully review the FDD and all related agreements before signing any documents or making any payments.