Are there any conditions under which the Creative World School franchisee must provide receipts?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
(Keep this page for your records)
RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
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.
Issuance Date: May 23, 2025
The name, principal business address, and telephone number of the franchise sellers offering the franchise are:
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
The 2025 Creative World School Franchise Disclosure Document includes a section labeled "RECEIPTS" within Item 23. However, this section primarily focuses on the franchisee acknowledging receipt of the FDD itself from Creative World School. It outlines the franchisor's obligation to provide the disclosure document at least 14 calendar days before signing any binding agreement or making payments. It also mentions specific state requirements, such as those in New York and Michigan, regarding the timing of FDD delivery. The document does not specify any conditions under which the franchisee must provide receipts to the franchisor or any other party.
This emphasis on the FDD receipt underscores the legal importance of ensuring prospective franchisees have ample time to review the franchise agreement and related documents before committing to the franchise. The FDD also advises franchisees of their rights to report any failure to deliver the disclosure document on time, or if it contains false or misleading statements, to the Federal Trade Commission and applicable state agencies.
Because the provided excerpts from the Creative World School FDD do not describe any situations where the franchisee is required to provide receipts, a prospective franchisee should ask the franchisor directly about any requirements for franchisees to provide receipts, for example, for purchases, marketing expenses, or other business-related transactions. Understanding these obligations is essential for managing finances and maintaining compliance within the Creative World School franchise system.