What does Exhibit A-1 to the Cinch I.T. Franchise Agreement define?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
If Cinch Franchise, 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 State Agency listed in Exhibit A.
Issuance Date: April 30, 2024. See Exhibit A for our registered agents authorized to receive service of process.
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
Based on the 2024 Cinch I.T. Franchise Disclosure Document, Exhibit A lists the state agencies authorized to receive service of process. The document states that if Cinch I.T. does not deliver the disclosure document on time, or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred. This should be reported to the Federal Trade Commission and the State Agency listed in Exhibit A.
This exhibit is important because it informs the franchisee of their legal rights and how to report any potential violations by Cinch I.T. regarding the franchise disclosure process. It ensures that franchisees know where to turn if they believe they have been provided with inaccurate or incomplete information.
Prospective franchisees should carefully review Exhibit A to understand the specific agency in their state responsible for franchise regulation and to whom they should address any concerns or complaints. This exhibit provides a crucial safeguard for franchisees, ensuring compliance and offering recourse in case of discrepancies or legal infringements.