How many calendar days before signing a binding agreement or making a payment must Chester's International, LLC provide the disclosure document?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chester's 2025 Franchise Disclosure Document, Chester's International, LLC must provide the disclosure document to a prospective franchisee at least 14 calendar days before they sign a binding agreement or make a payment to Chester's or an affiliate related to the franchise sale. This federal requirement ensures franchisees have adequate time to review the FDD and seek professional advice before committing to the franchise.
However, the disclosure also notes that New York and Michigan have different requirements. New York requires the disclosure document at the earlier of the first personal meeting or 10 business days before signing the agreement or making a payment. Michigan requires it at least 10 business days before signing any binding agreement or making a payment, whichever occurs first.
If Chester's fails to deliver the disclosure document on time, or if the document contains false, misleading, or omits material information, it may constitute a violation of federal and state laws. In such cases, the disclosure advises franchisees to report the issue to the Federal Trade Commission and the appropriate state agency.