Before executing the Carvel Franchise Agreement, how many calendar days must a prospective franchisee receive the FDD, including the agreement?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
If Carvel Franchisor SPV LLC offers you a franchise, we must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Iowa requires that we provide you with this Disclosure Document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale. New York requires that we provide you with this Disclosure Document at the earlier of the first personal meeting or ten business days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale. Michigan requires that we provide you with this Disclosure Document ten business days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale.
If Carvel Franchisor SPV LLC 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 law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the applicable state agency listed in Exhibit F.
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, Carvel must provide the Franchise Disclosure Document (FDD) to prospective franchisees at least 14 calendar days before they sign a binding agreement or make a payment to Carvel or its affiliates related to the franchise sale. This disclosure period allows potential franchisees adequate time to review the FDD and seek professional advice before committing to the franchise. However, the disclosure period varies in certain states.
For instance, Iowa requires Carvel to provide the FDD at the earlier of the first personal meeting or 14 calendar days before signing an agreement or making a payment. New York has a requirement of the earlier of the first personal meeting or ten business days. Michigan also requires that Carvel provide the FDD ten business days before signing a binding agreement or making a payment.
If Carvel does not deliver the FDD on time, or if the document contains false, misleading statements, or material omissions, it may constitute a violation of federal and state laws. In such cases, the prospective franchisee is advised to report the issue to the Federal Trade Commission and the relevant state agency listed in Exhibit F of the FDD.