What is the required timeframe for Chester's International, LLC to provide the disclosure document in New York before executing the franchise agreement or payment of consideration?

According to Chester's 2025 Franchise Disclosure Document, New York requires that Chester's provide the disclosure document to prospective franchisees at the earlier of two conditions. The first condition is at the first personal meeting between Chester's and the prospective franchisee. The second condition is 10 business days before the execution of the franchise or any other agreement, or before any payment of consideration related to the franchise relationship.

This regulation ensures that potential Chester's franchisees in New York have sufficient time to review the FDD and seek professional advice before making any binding commitments or payments. The "earlier of" clause means Chester's must provide the FDD as soon as either the first personal meeting occurs or the 10-business-day window before agreement/payment opens, providing maximum protection to the franchisee.

It is important for prospective Chester's franchisees in New York to be aware of these timelines and to document when they receive the FDD. This will help ensure compliance with New York state law and protect their rights as franchisees. If Chester's fails to provide the FDD within the stipulated timeframe, it could be a violation of franchise laws, allowing the franchisee certain legal recourse.