What is the required action of the Checkers franchisee and their owners regarding the financial information provided?

According to the 2025 Checkers Franchise Disclosure Document, franchisees are required to acknowledge that they have read the FDD. Specifically, the franchisee must insert the date, sign, and return the Item 23 Receipt to Checkers. This receipt confirms that the franchisee has received and reviewed the document, which summarizes the franchise agreement and other pertinent information.

This requirement ensures that prospective franchisees have access to critical information before making a financial commitment. The FDD includes details about fees, obligations, and legal considerations. By signing the receipt, the franchisee acknowledges they have been provided with this information and have had the opportunity to review it.

It is important to note that Checkers must provide the FDD to the franchisee at least 14 calendar days before any binding agreement is signed or any payment is made. Some states, such as Michigan, New York, and Rhode Island, have specific requirements regarding the timing of FDD delivery. Failure to deliver the FDD on time or if it contains false or misleading information, may constitute a violation of federal and state laws.