What section of the Counselor Realty franchise agreement discusses FDD disclosure?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.6 FDD Disclosure. You acknowledge receipt of our Franchise Disclosure Document at least 14 calendar days before execution of this Agreement. You acknowledge receipt of this Agreement with all applicable blanks completed and with all applicable Attachments, Addendums and Exhibits at least seven calendar days before execution of this Agreement. Counselor does not authorize any information, promise, or representation to be communicated to you concerning the offer of this franchise that is not contained in Counselor's Franchise Disclosure Document or this Franchise Agreement or in printed franchise sales literature prepared by Counselor, and you should not rely upon any other information purportedly provided by Counselor in deciding whether to purchase a Counselor franchise.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, Section 13.6 of the franchise agreement addresses the Franchise Disclosure Document (FDD).
Specifically, this section confirms the franchisee's acknowledgment of receiving the FDD at least 14 calendar days before signing the agreement. It also confirms receipt of the agreement itself, complete with all attachments, addendums, and exhibits, at least seven calendar days before signing. This waiting period is a standard legal requirement in franchising, designed to give prospective franchisees adequate time to review the documents and seek professional advice.
Furthermore, Section 13.6 explicitly states that Counselor Realty does not authorize any information, promise, or representation concerning the franchise offer that is not contained within the FDD, the franchise agreement, or printed sales literature prepared by Counselor Realty. This provision aims to protect both the franchisee and the franchisor by limiting reliance on verbal or undocumented claims made during the sales process. A prospective franchisee should not rely on any other information purportedly provided by Counselor Realty in deciding whether to purchase a Counselor Realty franchise.
This clause underscores the importance of carefully reviewing the FDD and the franchise agreement before making a final decision. Any potential franchisee should ensure that all material terms and conditions are clearly documented in these official documents and seek clarification from Counselor Realty regarding any discrepancies or ambiguities.