In the context of receipts, what obligations does the Creative World School franchisor have?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
If Creative World Franchising Company, Inc. offers you a franchise, it must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of any binding franchise or other agreement, or payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement, or payment of any consideration, whichever occurs first.
If Creative World Franchising Company, Inc. does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and any applicable state agency (as listed in Exhibit "L" to this disclosure document).
The franchisor is Creative World Schools Franchising Company, Inc., located at 25110 Bernwood Drive, Suite #104, Bonita Springs, Florida 34135. Its telephone number is (239) 947-6177.
We authorize the respective state agencies identified on Exhibit "L" to receive service of process for us if we are registered in the particular state.
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, if Creative World School offers a franchise, it must provide the disclosure document to the prospective franchisee 14 calendar days before they sign a binding agreement or make any payment to Creative World School or its affiliates related to the franchise sale. New York has a slightly different rule, requiring the disclosure document to be provided at the earlier of the first personal meeting or 10 business days before signing any binding agreement or making a payment. Michigan requires the disclosure document to be provided at least 10 business days before the execution of any binding franchise or other agreement, or payment of any consideration, whichever occurs first.
Creative World School's obligations extend to the content of the disclosure document itself. The document must summarize the franchise agreement's provisions and other information in plain language. The document should be read carefully along with all agreements.
Furthermore, if Creative World School does not deliver the disclosure document on time, or if the document contains false, misleading statements, or material omissions, it may constitute a violation of federal and state laws. Such violations should be reported to the Federal Trade Commission (FTC) in Washington, D.C., and any applicable state agency listed in Exhibit "L" of the disclosure document. Creative World Schools Franchising Company, Inc. is located at 25110 Bernwood Drive, Suite #104, Bonita Springs, Florida 34135, and its telephone number is (239) 947-6177.
Creative World School also authorizes state agencies identified on Exhibit "L" to receive service of process if the company is registered in that particular state.