Where can the acknowledgment of receipt of the Crave Disclosure Document be found?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
Two copies of an acknowledgment of your receipt of this Disclosure Document appear at the end of the Disclosure Document. Please return one signed copy to us and retain the other for your records.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to the 2025 Crave Franchise Disclosure Document, two copies of an acknowledgment of receipt for the disclosure document are located at the end of the document. Crave requires that prospective franchisees sign and return one copy to Crave Franchising, LLC, while retaining the other copy for their own records.
This acknowledgment serves as confirmation that the franchisee has received and reviewed the FDD, which is a critical step in the franchise purchasing process. It also confirms that the franchisee had the opportunity to consult with advisors before making any commitments. By signing this document, the franchisee acknowledges understanding the contents of the FDD and related agreements.
However, it's important to note that for franchisees in Maryland, the Acknowledgment Statement included in Exhibit I of the Franchise Disclosure Document does not apply, and Maryland franchisees should not sign it. This is due to specific state laws designed to protect franchisees from inadvertently waiving certain rights.
Prospective franchisees should carefully review the acknowledgment and ensure they fully understand its implications before signing. Consulting with an attorney or financial advisor is advisable to ensure a complete understanding of the document and its impact on their rights and obligations.