In the Chem Dry franchise agreement receipt, what information is required for the franchisee when signing individually and personally?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1. | Have you received and personally reviewed the Chem-Dry, Inc. Franchise Disclosure Document and each exhibit we provided to you? Yes No |
|---|---|
| 2. | Did you sign a receipt for the Franchise Disclosure Document indicating the date you |
| received it? Yes | |
| No | |
| 3. | Have you discussed operating a Chem-Dry |
| franchise with an attorney, accountant or other | |
| professional advisor? Yes | |
| No | |
| 4. | Do you understand the success or failure of your franchise will depend on many factors |
| including your skills and abilities, competition, interest rates, the economy, inflation, labor | |
| and supply costs, lease terms and the marketplace? Yes | |
| No | |
| 5. | Has any employee or other person speaking on behalf of Chem-Dry, Inc. |
| made any | |
| statement or promise regarding the amount of money you may earn in operating the | |
| Chem | |
| Dry | |
| franchise that is contrary to, or different from, the information contained in the | |
| Franchise Disclosure Document? Yes | |
| No | |
| 6. | Has any employee or other person speaking on behalf of Chem-Dry, Inc. |
| made any | |
| statement or promise concerning the total amount of revenue the Chem-Dry franchise will | |
| generate that is contrary to, or different from, the information contained in the Franchise | |
| Disclosure Document? Yes No | |
| 7. | Has any employee or other person speaking on behalf of Chem-Dry, Inc. |
| made any | |
| statement or promise regarding the costs involved in operating the Chem-Dry | |
| franchise | |
| that is contrary to, or different from, the information contained in the Franchise Disclosure | |
| Document? | |
| Yes | |
| No | |
| 8. | Has any employee or other person speaking on behalf of Chem-Dry, Inc. |
| made any | |
| statement or promise concerning the actual, average or projected profits or earnings or the | |
| likelihood of success that you should or might expect to achieve from operating a Chem | |
| dry | |
| franchise that is contrary to, or different from, the information contained in the | |
| Franchise Disclosure Document? Yes | |
| No | |
| 9. | Has any employee or other person speaking on behalf of Chem-Dry, Inc. |
| made any | |
| statement or promise or agreement, other than those matters addressed in your Franchise | |
| Agreement, concerning advertising, marketing, media support, market penetration, | |
| training, support service or assistance that is contrary to, or different from, the information | |
| contained in the Franchise Disclosure Document? Yes No | |
| 10. | If you have answered "Yes" to any of the questions 7 through 11, please provide a full |
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, the receipt confirms that the franchisee has received and personally reviewed the Chem-Dry Franchise Disclosure Document and all exhibits provided. The franchisee must acknowledge this by answering "Yes" or "No" to the question on the receipt.
Additionally, the receipt requires confirmation that the franchisee signed a receipt for the Franchise Disclosure Document, indicating the date of receipt. This ensures that Chem Dry has provided the disclosure document within the legally mandated timeframe, allowing the franchisee sufficient time to review it before making any commitments.
The receipt also includes questions to confirm whether the franchisee has discussed operating a Chem Dry franchise with a professional advisor and understands that the success of the franchise depends on various factors. Furthermore, the receipt aims to identify any unauthorized statements or promises made by Chem Dry representatives that contradict the information in the Franchise Disclosure Document. By signing the receipt, the franchisee acknowledges these points, ensuring they have been properly informed and have not relied on any misleading information.