What Illinois Administrative Code section is referenced regarding the requirements of the Illinois Franchise Disclosure Act in the Casiola Franchise Agreement amendment?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
In recognition of the requirements of the Illinois Franchise Disclosure Act, 815 ILCS 705/1 to 705/45, and Ill. Admin. Code tit. 15, §200.100 et seq., the undersigned agree to the following modifications to Casiola Franchise LLC Franchise Agreement (the "Franchise Agreement") and, if Franchisor and Franchisee both sign Casiola Franchise LLC, as follows:
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
According to the 2024 Casiola Franchise Disclosure Document, the Illinois Franchise Agreement amendment references the Illinois Administrative Code. Specifically, it cites Ill. Admin. Code tit. 15, §200.100 et seq. in connection with the requirements of the Illinois Franchise Disclosure Act.
This reference indicates that the Casiola franchise agreement is subject to specific regulations outlined in the Illinois Administrative Code, which supplements the Illinois Franchise Disclosure Act. These regulations likely provide further details and clarification on the obligations and rights of both the franchisor and franchisee within the state of Illinois.
Prospective Casiola franchisees in Illinois should be aware of these additional regulations and how they impact the franchise agreement. It would be prudent to review Ill. Admin. Code tit. 15, §200.100 et seq. to fully understand their rights and obligations under Illinois law when entering into a franchise agreement with Casiola.