Where is the Franchise Agreement located within the Counselor Realty Franchise Disclosure Document?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
A sample of Counselor's Franchise Agreement is included in this Franchise Disclosure Document at Exhibit B. You are encouraged to obtain such independent legal and financial advice as you deem appropriate to obtain a full understanding of the franchise (and related documents) offered by this Franchise Disclosure Document. You should consult your own business or legal advisor for an explanation of your legal rights under applicable laws and regulations. You may not make any payment to Counselor or sign any contract(s) relating to this franchise until fourteen (14) calendar days after you sign the Acknowledgements of Receipt at the back of this Franchise Disclosure Document. You should also refrain from taking any other action or making any commitments in regard to a Counselor franchise until and unless you are notified in writing by Counselor that your application for a franchise has been approved and that an Counselor franchise has been issued in your name.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a sample of the Franchise Agreement is included as Exhibit B within the document. This is a standard practice in franchising, as it allows potential franchisees to review the agreement's terms and conditions before making a commitment.
The FDD emphasizes the importance of seeking independent legal and financial advice to fully understand the implications of the franchise agreement. It also cautions prospective franchisees against relying on any information not explicitly contained within the Franchise Disclosure Document or the attached agreements. This highlights the importance of due diligence and careful review of all provided materials.
Furthermore, the FDD stipulates that franchisees cannot make any payments to Counselor Realty or sign any contracts related to the franchise until at least 14 calendar days after signing the Acknowledgements of Receipt at the back of the FDD. This mandatory waiting period is designed to provide franchisees with ample time to review the documents and seek professional advice before entering into a binding agreement.