Does the Cool Binz Disclosure Acknowledgement Questionnaire ask if the franchisee signed a receipt for the Franchise Disclosure Document indicating the date received?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Have you received the Cool Binz International, LLC Franchise Disclosure Document and each exhibit we provided to you? Yes or No |
|---|
| Did you sign a receipt for the Franchise Disclosure Document indicating the date you |
| received it? |
| Yes or No |
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Disclosure Acknowledgement Questionnaire does include a question regarding the receipt of the Franchise Disclosure Document (FDD). Specifically, the questionnaire asks franchisees to confirm whether they signed a receipt for the FDD, indicating the date they received it. This is a standard practice in franchising, as it helps to ensure that franchisees have received and acknowledged the FDD within the legally required timeframe.
This confirmation is important for compliance with franchise regulations, which mandate that franchisors provide prospective franchisees with the FDD at least 14 days before signing any binding agreements or making any payments. By including this question in the Disclosure Acknowledgement Questionnaire, Cool Binz aims to verify that franchisees have indeed received the document and are aware of its contents before moving forward with the franchise agreement.
Prospective franchisees should answer this question honestly and accurately, as it is a legal attestation of their receipt of the FDD. Providing a false answer could have legal consequences. Franchisees in California, Maryland, and Washington are instructed not to complete the questionnaire.