factual

How many calendar days before executing a Franchise Agreement or paying fees must a prospective Cream franchisee receive a copy of the FDD?

Cream Franchise · 2025 FDD

Answer from 2025 FDD Document

| I received a copy of the FDD at least 14 calendar days before I executed a Franchise | | Agreement or paid Franchisor or its affiliates any fees. I understand that all of my rights and |

Source: Item 23 — RECEIPTS (FDD pages 61–192)

What This Means (2025 FDD)

According to Cream's 2025 Franchise Disclosure Document, a prospective franchisee must receive a copy of the Franchise Disclosure Document (FDD) at least 14 calendar days before executing a Franchise Agreement or paying any fees to Cream or its affiliates. This mandatory waiting period is designed to allow potential franchisees adequate time to review the FDD and seek professional advice.

This 14-day review period is a standard practice in the franchise industry, mandated by the Federal Trade Commission (FTC) and various state franchise laws to protect prospective franchisees. It ensures that franchisees have sufficient opportunity to understand the terms and conditions of the franchise agreement, assess the risks and benefits of investing in the franchise, and make informed decisions without undue pressure.

Cream's requirement aligns with these regulations, emphasizing the importance of due diligence and informed consent in the franchising process. The FDD contains critical information about Cream, including its financial performance, franchise fees, obligations, and legal history. Prospective franchisees should use this time to carefully examine the document, consult with legal and financial advisors, and speak with existing Cream franchisees to gain a comprehensive understanding of the franchise opportunity before making a final decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.