In the Deck Medic receipt form, what information is required from the Franchisor?
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 age
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the receipt form requires the franchisee to sign and date the copy of the receipt and return it to Deck Medic, Inc. at their Frankfort, Illinois address. The receipt confirms that Deck Medic provided the Disclosure Document to the prospective franchisee, summarizing key provisions of the Franchise Agreement and other relevant information.
The Disclosure Document must be provided to the franchisee 14 calendar days before signing any binding agreement or making any payment related to the franchise sale. Certain states, like New York, Rhode Island, and Michigan, have specific requirements regarding the timing of providing this document, linking it to the first personal meeting or a set number of business days before the agreement or payment.
The receipt also serves as an acknowledgment that if Deck Medic fails to deliver the Disclosure Document on time, or if the document contains false, misleading, or omits important information, it could be a violation of federal and state laws. Such violations should be reported to the Federal Trade Commission and the relevant state administrator, as identified in Exhibit A of the Disclosure Document. The state agencies are authorized to investigate the franchise offering.