Is there a State Addenda to Disclosure Document included as an exhibit for Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: June 4th, 2024
I received a disclosure document that included the following Exhibits:
- A. State Addenda to Disclosure Document
Source: Item 23 — RECEIPTS (FDD pages 39–114)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, Exhibit A to the disclosure document is a State Addenda to Disclosure Document.
Notably, the FDD includes specific addenda for California, New York, Illinois, Maryland, North Dakota, and Ohio. These addenda contain state-specific legal disclosures, amendments to the standard franchise agreement, and contact information for state regulatory agencies. For example, the California addendum clarifies requirements under the California Franchise Investment Law, while the New York addendum provides additional information on franchisor background and franchisee rights.
Prospective Crown Gold Exchange franchisees should carefully review the state addendum (if any) for their state to understand how state laws may modify the standard franchise terms and what specific rights and protections they are afforded under those laws. This is particularly important in states with franchise-specific regulations, as these addenda can significantly impact the franchise relationship.