In the Chesters agreement, what information is required next to the signature line for the LICENSEE?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
RECEIPT
This disclosure document summarizes certain provisions of the Agreement and other information in plain language. Read this disclosure document and all agreements carefully. If Chester's International, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement 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 execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Chester's International, LLC does not deliver this 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 the appropriate state agency identified on Exhibit A.
The franchisor is Chester's International, LLC, currently located at 1531 3rd Avenue North, Suite 110, Birmingham, Alabama 35203. Its telephone number is (800) 646-9403.
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the Receipt of Disclosure Document includes a space for the franchisee's signature and the date. This receipt confirms that the franchisee has received and reviewed the disclosure document. The document also states that it summarizes certain provisions of the agreement and other information in plain language, advising potential franchisees to read it and all agreements carefully.
Chesters must provide this disclosure document to the franchisee 14 calendar days before they sign a binding agreement or make a payment to Chesters or its affiliates related to the franchise sale. New York and Michigan have specific requirements regarding the timing of the disclosure document. New York requires it at the earlier of the first personal meeting or 10 business days before signing the agreement or paying any consideration. Michigan requires it at least 10 business days before signing any binding agreement or paying any consideration, whichever comes first.
The receipt also informs the franchisee that if Chesters does not deliver the disclosure document on time, or if it contains false, misleading statements, or material omissions, it may be a violation of federal and state law. Such violations should be reported to the Federal Trade Commission and the appropriate state agency, as identified in Exhibit A. The receipt provides contact information for Chesters International, LLC, including their address and telephone number.