What is the date of the Crisp & Green disclosure document that the franchisee acknowledges receiving?
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 Crisp & Green's 2024 Franchise Disclosure Document, the franchisee must sign and date a receipt to acknowledge they have received the FDD. This receipt confirms that Crisp & Green provided the disclosure document at least 14 calendar days before the franchisee signs a binding agreement or makes a payment. Certain states, such as Iowa and New York, require the document to be provided earlier, specifically the first personal meeting or 10 business days before signing any agreement or paying consideration. Michigan law also has a 10 business day requirement before any agreement or payment.
The receipt serves as an acknowledgment that the franchisee has been given the opportunity to review the FDD and its contents, which include summaries of the Franchise Agreement, Area Development Agreement, and other relevant information. The document emphasizes the importance of carefully reading the disclosure document and all related agreements before making any commitments.
The FDD also states that if Crisp & Green does not deliver the disclosure document on time, or if it contains false or misleading statements, or a material omission, a violation of federal and state law may have occurred. Such violations should be reported to the Federal Trade Commission and the appropriate state agency, as identified in Exhibit A of the FDD. This receipt helps protect both the franchisor and franchisee by documenting the delivery and receipt of the FDD within the legally required timeframe, ensuring compliance with disclosure laws.