Have you carefully studied and reviewed the Crisp & Green Disclosure Document and Franchise Agreement?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
This disclosure document summarizes certain provisions of the Franchise Agreement, Area Development Agreement, and other information in plain English. Read this disclosure document and all agreements carefully.
If Crisp & Green Franchising LLC ("we" or "us") offers you a franchise, we must provide this disclosure document to you at least 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale. If applicable, Iowa law and New York law require us to provide you with this disclosure document at the earlier of the first personal meeting or 10 business days before you sign a franchise or other agreement with, or pay any consideration to, us or an affiliate in connection with the proposed sale. If applicable, Michigan law requires that we provide this disclosure document to you at least 10 business days before the execution of any binding franchise or other agreement with, or the payment of any consideration to, us or an affiliate, whichever occurs first.
If we do 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 the appropriate state agency identified on Exhibit A.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, the receipt included in Item 23 emphasizes the importance of carefully reading the disclosure document and all agreements. It states that the document summarizes key provisions of the Franchise Agreement, Area Development Agreement, and other information in plain English.
Crisp & Green must provide the disclosure document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make any payment related to the franchise. Certain states, like Iowa, New York, and Michigan, have specific requirements regarding the timing of disclosure, linking it to the first personal meeting or a set number of business days before signing any agreement or making a payment.
The receipt also informs potential franchisees of their rights and recourse if the disclosure document is not delivered on time or contains false, misleading, or omits material information. In such cases, a violation of federal and state law may have occurred, which should be reported to the Federal Trade Commission and the appropriate state agency.