Has Cr3 American Exteriors been convicted of a felony within the last 10 years?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
OCUMENT. HOWEVER, THE FRANCHISOR CAN NOT USE THE NEGOTIATING PROCESS TO PREVAIL UPON A PROSPECTIVE FRANCHISEE TO ACCEPT TERMS THAT ARE LESS FAVORABLE THAN THOSE SET FORTH IN THIS FRANCHISE DISCLOSURE DOCUMENT.**
2. The following is added at the end of Item 3:
With the exception of what is stated above, the following applies to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- A. No such party has an administrative, criminal or civil action pending against that person alleging: a felony, a violation of a franchise, antitrust, or securities law, fraud, embezzlement, fraudulent conversion, misappropriation of property, unfair or deceptive practices, or comparable civil or misdemeanor allegations.
- B. No such party has pending actions, other than routine litigation incidental to the business, which are significant in the context of the number of franchisees and the size, nature or financial condition of the franchise system or its business operations.
- C. No such party has been convicted of a felony or pleaded nolo contendere to a felony charge or, within the 10-year period immediately preceding the application for registration, has been convicted of or pleaded nolo contendere to a misdemeanor charge or has been the subject of a civil action alleging: violation of a franchise, antifraud, or securities law; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices or comparable allegations.
D.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors' 2025 Franchise Disclosure Document, neither the franchisor, its predecessor, individuals identified in Item 2, nor any affiliate offering franchises under the Cr3 American Exteriors trademark, has been convicted of a felony or pleaded nolo contendere to a felony charge. This also applies to misdemeanor charges or civil actions alleging violations of franchise, antifraud, or securities laws; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices within the 10-year period before the application for registration.
Furthermore, none of these parties are currently subject to any injunctive or restrictive orders related to the franchise, or under Federal, State, or Canadian franchise, securities, antitrust, trade regulation, or trade practice law. This includes orders from any national securities association or exchange, or any other business activity resulting from actions brought by a public agency or department.
This information is crucial for prospective franchisees as it provides assurance that the key figures associated with Cr3 American Exteriors have not been involved in any significant legal issues that could impact the franchise's reputation or financial stability. It also indicates that Cr3 American Exteriors is not under any legal restrictions that could hinder its ability to operate effectively.