What is the significance of Exhibit J in the Casiola Disclosure Document?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchise Disclosure Document Exhibit J – Receipts
Casiola Franchise LLC
RECEIPT
This Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this Disclosure Document and all the agreements carefully.
If Casiola Franchise 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, us or an affiliate of ours in connection with the proposed franchise sale.
New York and Rhode Island require that we give you this document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreements or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this Disclosure Document at least 10 business days before the signing of any binding franchise or other agreement, or the payment of any consideration, whichever occurs first.
If Casiola Franchise LLC does not deliver this Disclosure Document on time of 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 administrator identified in Exhibit A of this Disclosure Document. We authorize the respective state agencies identified in Exhibit B of this Disclosure Document to receive service of process for us in the particular state.
The Issuance Date of this Disclosure Document is: April 25, 2024
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, Exhibit J contains two copies of a detachable receipt. Casiola requires prospective franchisees to sign one copy of the receipt and return it to Casiola Franchise LLC at 6751 Forum Dr, Ste 230, Orlando, Florida 32821. The other copy is for the franchisee's records.
The receipt serves as an acknowledgment that the franchisee has received the FDD. Casiola must provide the Disclosure Document to a potential franchisee 14 calendar days before they sign a binding agreement or make a payment related to the franchise. New York and Rhode Island require the document at the earlier of the first personal meeting or 10 business days before signing agreements or payment. Michigan requires it 10 business days before signing or payment, whichever is first.
The receipt also outlines the franchisee's rights and recourse if Casiola fails to deliver the FDD on time, or if the document contains false, misleading, or omits material information. In such cases, a violation of federal and state law may have occurred, which should be reported to the Federal Trade Commission and the applicable state administrator listed in Exhibit A. Casiola also authorizes state agencies identified in Exhibit B to receive service of process for them.
The issuance date of the Casiola Disclosure Document is April 25, 2024. By signing the receipt, the franchisee acknowledges they have received a document summarizing the Franchise Agreement's provisions and other relevant information. This receipt is a critical component of the franchising process, ensuring transparency and protecting the rights of both the franchisor and franchisee.