How many calendar days before executing the Carvel Franchise Agreement must a prospective franchisee receive the FDD?
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 FDD to a prospective franchisee at least 14 calendar days before they sign a binding agreement or make a payment related to the franchise sale. However, this timeframe varies in certain states. In Iowa, the FDD must be provided at the earlier of the first personal meeting or 14 calendar days before signing or payment. In New York and Michigan, the FDD must be provided at the earlier of the first personal meeting or ten business days before signing or payment.
This 14-day review period (or the state-specific period) is mandated by federal law, allowing potential franchisees adequate time to thoroughly review the FDD and seek professional advice before committing to the franchise. The FDD contains critical information about Carvel, including its financial performance, obligations, and the terms of the franchise agreement.
If Carvel fails to deliver the FDD on time, or if the document contains false, misleading, or omits material information, it could constitute a violation of federal and state laws. In such cases, the FDD advises that the prospective franchisee should report this to the Federal Trade Commission and the relevant state agency.