If the Checkers Franchise Disclosure Document contains a material omission, to whom should it be reported?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
If Checkers does not deliver this Franchise 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 any applicable state agency.
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, if the document contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred. In such a case, it should be reported to the Federal Trade Commission (FTC) in Washington, D.C. 20580, as well as to any applicable state agency.
This information is crucial for prospective franchisees because it outlines their rights and recourse if they believe the FDD is inaccurate or incomplete. The FDD is a critical document for making an informed investment decision, and franchisees must have a way to address concerns about its accuracy.
Reporting to both the FTC and the relevant state agency ensures that the issue is addressed at both the federal and state levels, increasing the likelihood of a thorough investigation and potential resolution. This dual reporting mechanism is designed to protect franchisees and maintain the integrity of the franchising process.