What is the effect of the Crepe De Licious Franchise Disclosure Document representations on the franchise agreement?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
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 Crepe Delicious Holding USA, 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.
Under Iowa law, if applicable, Crepe Delicious Holding USA, Inc. must provide this disclosure document to you at your first personal meeting to discuss the franchise. Michigan requires Crepe Delicious Holding USA, Inc. to give you this disclosure document at least ten business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. New York requires you to receive this disclosure document at the earlier of the first personal meeting or ten business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If Crepe Delicious Holding USA, 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, DC 20580, and the appropriate state agency identified on Exhibit D.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, the document summarizes certain provisions of the franchise agreement and other information in plain language. It is meant to be read carefully along with all other agreements. Crepe De Licious must provide the disclosure document to a prospective franchisee 14 calendar days before they sign a binding agreement or make a payment to the franchisor or an affiliate in connection with the proposed franchise sale.
The Franchise Disclosure Document serves as a critical informational tool, outlining key aspects of the franchise agreement. This allows potential franchisees to make informed decisions. Certain states, such as Iowa, Michigan, and New York, have specific requirements regarding when the disclosure document must be provided, often tied to the first personal meeting or a set number of business days before signing any agreement or making a payment.
Failure by Crepe De Licious to 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 and the appropriate state agency.