Is the Checkersrallys Franchise Disclosure Document registered in Rhode Island?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, Rhode Island is one of the states that requires the Franchise Disclosure Document to be registered or filed with the state, or be exempt from registration. This means that Checkersrallys has taken the necessary steps to comply with Rhode Island's franchise laws, allowing them to offer franchises in that state. Prospective franchisees in Rhode Island can be assured that Checkersrallys has met the state's requirements for franchise registration or exemption.
Furthermore, the FDD indicates that in Rhode Island, Checkersrallys must provide the Franchise Disclosure Document to potential franchisees the earlier of the first personal meeting or 10 business days before they sign a binding agreement or make a payment to Checkersrallys or its affiliates. This regulation ensures that franchisees have adequate time to review the document and seek professional advice before making a commitment.
This registration and disclosure requirement in Rhode Island aims to protect potential franchisees by ensuring they receive comprehensive information about the Checkersrallys franchise opportunity. It also allows the state to oversee franchise activities and address any potential issues or violations of franchise law.