What action is required of the recipient after receiving the Chocolate Fish Coffee disclosure document?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
nia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered, or exempt from registration, as of the Effective Date stated below:
| State | Effective Date |
|---|---|
| California | Pending |
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Chocolate Fish Franchising, 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.
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, a prospective franchisee is advised to carefully read the disclosure document and all agreements. Chocolate Fish Coffee must provide the disclosure document to the recipient 14 calendar days before they sign a binding agreement or make a payment to Chocolate Fish Coffee or its affiliates related to the franchise sale. In New York, the disclosure document must be provided at the earlier of the first personal meeting or 10 business days before signing any agreement or making any payment related to the franchise.
If Chocolate Fish Coffee does not deliver the disclosure document on time, or if it contains false, misleading, or omits material information, it may be a violation of federal and state law. In such cases, the recipient should report this to the Federal Trade Commission in Washington, D.C., and any applicable state agency listed in Exhibit A of the FDD.
Keeping a copy of the disclosure document for your records is also advised. This ensures that the prospective franchisee has access to the information provided by Chocolate Fish Coffee for future reference and can verify the terms and conditions outlined in the document.