What exhibit in the Deck Medic Franchise Disclosure Document contains the detachable receipt?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPTS]
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
Franchise Disclosure Document Exhibit J – Receipts
Deck Medic, Inc. RECEIPT
This Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. Read this Disclosure Document and all the agreements carefully.
If Deck Medic, Inc. offers you a franchise, we must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate of ours in connection with the proposed franchise sale.
New York and Rhode Island require that we give you this document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreements or the 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 signing of any binding franchise or other agreement, or the payment of any consideration, whichever occurs first.
If Deck Medic, Inc. does not deliver this Disclosure Document on time of 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 applicable state administrator identified Exhibit A of this Disclosure Document. We authorize the respective state agencies identified in Exhibit B of this Disclosure Document to receive service of process for us in the particular state.
The Issuance Date of this Disclosure Document is: April 12, 2024
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the receipt is located in Exhibit J. Specifically, Exhibit J is titled "FDD Receipts." Franchisees are required to sign, date, and return a copy of the receipt to Deck Medic, Inc. at their Frankfort, Illinois address.
The purpose of this receipt is to acknowledge that the prospective franchisee has received the Franchise Disclosure Document (FDD). This is a crucial step in the franchise sales process, as it ensures that franchisees have access to all the necessary information before making a financial commitment.
The FDD also states that Deck Medic must provide the Disclosure Document to the franchisee 14 calendar days before they sign a binding agreement or make a payment. New York and Rhode Island require the document at the first personal meeting or 10 business days before signing any agreements or payment. Michigan requires it 10 business days before signing or payment, whichever is first. If Deck Medic does not deliver the Disclosure Document on time or if it contains false or misleading information, it could be a violation of federal and state law.