In the Deck Medic receipt form, what information is required from the Franchisee?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Please sign this copy of the receipt, date your signature, and return it to Deck Medic, Inc., 966 Lambrecht Road, Frankfort, Illinois 60423.
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
The franchise sellers for this offering are:
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, after receiving the disclosure document, franchisees must sign and date the receipt copy and return it to Deck Medic, Inc. at their Frankfort, Illinois address. This confirms that the franchisee received the document, which summarizes the Franchise Agreement's provisions and other relevant information.
Deck Medic is legally obligated to provide this Disclosure Document to prospective franchisees at least 14 calendar days before they sign any binding agreement or make any payment related to the franchise. This waiting period allows potential franchisees to thoroughly review the document and seek professional advice before committing to the franchise. Some states, like New York, Rhode Island, and Michigan, have slightly different requirements regarding the timing of the disclosure.
The FDD also states that failure to deliver the Disclosure Document on time, or if the document contains false or misleading statements or material omissions, it could constitute a violation of federal and state laws. In such cases, the franchisee is advised to report the issue to the Federal Trade Commission and the relevant state administrator. The FDD also mentions that state agencies are authorized to receive service of process for Deck Medic in their respective states.