In the Casiola franchise agreement receipt, what information about the assignee, Casiola Franchise LLC, is required in addition to the signature?

According to the 2024 Casiola Franchise Disclosure Document, after receiving the Franchise Disclosure Document, the franchisee must sign and date the receipt and return it to Casiola Franchise LLC. The receipt confirms that the franchisee has received and reviewed the document, which summarizes key provisions of the Franchise Agreement.

This receipt is important because it acknowledges that Casiola has provided the Disclosure Document within the time frame required by federal and state laws. These laws mandate that franchisors give prospective franchisees ample time to review the FDD before signing any binding agreements or making payments. For instance, the FDD mentions that Casiola must provide the disclosure document 14 calendar days before signing a binding agreement or accepting payment. New York and Rhode Island require the document at the first personal meeting or 10 business days before signing, while Michigan requires 10 business days before signing or payment.

Returning the signed and dated receipt to Casiola Franchise LLC serves as proof that the franchisee received the FDD in a timely manner. If Casiola fails to deliver the FDD on time, or if the document contains false or misleading information, it could be a violation of federal and state laws. The receipt helps protect both the franchisee and Casiola by documenting the delivery and receipt of the FDD, ensuring compliance with disclosure requirements.