After receiving the Carvel Disclosure Document, what action is required regarding the acknowledgment copies?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
Two copies of an acknowledgment of your receipt of this Disclosure Document are attached as the last two pages of this Disclosure Document. Please return one copy to us and retain the other for your records.
FRANCHISEE DISCLOSURE ACKNOWLEDGEMENT
THIS ACKNOWLEDGEMENT SHALL NOT BE COMPLETED BY YOU, AND WILL NOT APPLY, IF THE OFFER OR SALE OF THE FRANCHISE IS SUBJECT TO THE STATE FRANCHISE DISCLOSURE LAWS IN THE STATES OF CALIFORNIA, HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA, NEW YORK, NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, VIRGINIA, WASHINGTON, OR WISCONSIN.
IF THE FRANCHISE IS TO BE OPERATED IN, OR YOU ARE A RESIDENT OF, MARYLAND, DO NOT SIGN THE ACKNOWLEDGEMENT.
As you know, Carvel Franchisor SPV LLC ("we") and the franchisee identified below ("you") are preparing to enter into a Carvel® Franchise Agreement (the "Franchise Agreement") for the operation of a Carvel® franchise. The purpose of this Acknowledgement is to determine whether any statements or promises were made to you that we have not authorized or that may be untrue, inaccurate or misleading, to be certain that you have been properly represented in this transaction, and to be certain that you understand the limitations on claims you may make by reason of the purchase and operation of your franchise. You cannot sign or date this Acknowledgement the same day as the Receipt for the Franchise Disclosure Document, but you must sign and date it the same day you sign the Franchise Agreement and pay your franchise fee.
Please review each of the following statements carefully and initial by each providing your acknowledgement that the statement is accurate and true. If you find that a statement is not accurate and true, please cease signing this Acknowledgement and related documents and immediately e-mail Tim Goodman, Senior Vice President of Franchise Administration, at tgoodman@gotofoods.com and provide an explanation of why you believe such statement is not accurate and true.
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, two copies of an acknowledgment of receipt of the disclosure document are included as the last two pages of the document. Carvel requires that the prospective franchisee return one copy to Carvel and retain the other copy for their own records.
Additionally, the Franchisee Disclosure Acknowledgement (Exhibit I) is not to be completed if the franchise is subject to state franchise disclosure laws in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin. If the franchise is to be operated in, or the franchisee is a resident of, Maryland, the acknowledgement should not be signed.
Furthermore, the acknowledgement cannot be signed or dated on the same day as the Receipt for the Franchise Disclosure Document. It must be signed and dated on the same day the Franchise Agreement is signed and the franchise fee is paid. Before signing, the franchisee must review each statement in the acknowledgement and initial to confirm its accuracy. If any statement is inaccurate, the franchisee should cease signing and contact Carvel's Senior Vice President of Franchise Administration.