Does the Counselor Realty FDD specify who is responsible for delivering the signed receipt?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
The last two pages of this Disclosure Document (following the exhibits and attachments) are documents acknowledging receipt of this Disclosure Document by you (one copy for you and one copy for us). The Receipt must be signed and dated and delivered to us at least 14 calendar days before the signing of the Franchise Agreement or payment of any fee by you.
Source: Item 23 — RECEIPTS (FDD pages 32–70)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the franchisee is responsible for delivering the signed receipt. Specifically, the FDD states that the receipt acknowledging that the franchisee received the FDD must be signed, dated, and delivered to Counselor Realty.
This requirement ensures that Counselor Realty has documented proof that the prospective franchisee received the FDD and had the opportunity to review it before signing the franchise agreement or paying any fees. This is a standard practice in franchising, designed to protect both the franchisor and franchisee by confirming that the franchisee had access to all necessary information before making a financial commitment.
The FDD also specifies that this receipt must be delivered to Counselor Realty at least 14 calendar days before the signing of the Franchise Agreement or payment of any fee by the franchisee. This timeframe allows the franchisee adequate time to review the document and seek professional advice if needed, further emphasizing the importance of this receipt in the franchise process.