What exhibit in the Cinch I.T. FDD contains the Franchise Compliance Questionnaire?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPTS]
EXHIBIT L TO THE DISCLOSURE DOCUMENT CINCH FRANCHISE, LLC FRANCHISE COMPLIANCE QUESTIONNAIRE
CINCH FRANCHISE, LLC FRANCHISE COMPLIANCE QUESTIONNAIRE
As you prepare to enter into a Franchise Agreement with Franchisor, it is important to determine whether any statements or promises were made to you, either orally or in writing, which were not authorized by Franchisor and which may be untrue, inaccurate or misleading.
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the Franchise Compliance Questionnaire is located in Exhibit L. This questionnaire is designed to help prospective franchisees determine if any unauthorized statements or promises were made to them during the franchise sales process.
The questionnaire asks potential Cinch I.T. franchisees to consider whether any representations about revenues, profits, operating costs, earnings potential, likelihood of success, advertising, marketing, training, support, or other costs contradict the information provided in Item 19 of the FDD or elsewhere in the document. It also asks whether any promises or agreements were made that contradict the FDD.
By completing this questionnaire, Cinch I.T. aims to ensure that franchisees are entering the agreement with a clear understanding of what to expect, based solely on the official information provided in the FDD. This helps protect both the franchisee and Cinch I.T. from potential misunderstandings or disputes arising from unauthorized representations.