After signing the Crawlspace Medic Disclosure Document receipt, what should be done with the two copies?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
A receipt in duplicate is attached to this Disclosure Document as Exhibit I. You should sign both copies of the receipt. Keep one copy for your own records and return the other signed copy to Evan Wilson at 1049 2nd Avenue, Columbia, SC 29209.
Source: Item 23 — RECEIPT (FDD pages 42–177)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, after receiving the Disclosure Document, a receipt in duplicate is attached as Exhibit I. The franchisee should sign both copies of the receipt. One copy should be kept for the franchisee's records. The other signed copy should be returned to Evan Wilson at 1049 2nd Avenue, Columbia, SC 29209.
This process is standard in franchising. It confirms that the franchisee received the FDD and acknowledges the start of the mandatory review period. This ensures that Crawlspace Medic can verify that the prospective franchisee has been given the opportunity to review the document before making any financial commitment or signing any agreements.
It is important for the prospective franchisee to retain their copy of the signed receipt as proof of compliance with franchise disclosure regulations. Sending the other copy to the specified address ensures that Crawlspace Medic has confirmation of receipt for their records.