What is the consequence if Chocolate Bash Franchising, LLC does not deliver the disclosure document on time?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
If Chocolate Bash Franchising, 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 any applicable state agency (which are listed in Exhibit A).
Source: Item 23 — RECEIPTS (FDD pages 39–101)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, if Chocolate Bash does not deliver the Franchise Disclosure Document (FDD) on time, or if the FDD contains false, misleading statements, or material omissions, the company may be in violation of federal and state laws.
This violation should be reported to the Federal Trade Commission (FTC) in Washington, D.C., and any applicable state agency. Exhibit A of the FDD lists the relevant state agencies.
This disclosure requirement is designed to protect prospective franchisees by ensuring they have sufficient time and accurate information to make informed decisions. Failure to comply can result in legal and regulatory consequences for Chocolate Bash, and provides legal recourse for the franchisee.