What does the receipt of the Counselor Realty Franchise Disclosure Document acknowledge?

According to the 2025 Counselor Realty Franchise Disclosure Document, signing the receipt acknowledges that the document summarizes the franchise agreement and other information in plain language. It confirms that Counselor Realty must provide the Franchise Disclosure Document to the prospective franchisee at least 14 calendar days before they sign a binding agreement or make any payment related to the franchise. The receipt also serves as an acknowledgement that failure to deliver the document on time, or if the document contains false, misleading, or omits material information, it may constitute a violation of federal and state law. The document advises that such violations should be reported to the Federal Trade Commission and the Wisconsin Commissioner of Securities.

This acknowledgement is a standard legal protection for both the franchisor and franchisee. It ensures that the franchisee has had adequate time to review the document and seek legal or financial advice before making a commitment. The 14-day review period is mandated by the FTC's Franchise Rule and various state franchise laws, allowing potential franchisees to make informed decisions without undue pressure.

For a prospective Counselor Realty franchisee, this means they should carefully read the Franchise Disclosure Document and all related agreements. They should use the 14-day period to consult with legal and financial advisors to fully understand the terms and conditions of the franchise agreement. Signing the receipt is not just a formality; it's a confirmation that the franchisee has been given the opportunity to review critical information and is aware of their rights and responsibilities under the franchise agreement.