In the receipts section, what information must the Deer Solution franchisee provide when signing?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
Please sign this copy of the receipt, date your signature, and return it to Deer Solution Franchising LLC, 1 Gatehall Drive, Suite 300, Parsippany, New Jersey 07054.
Deer Solution Franchising LLC 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 Deer Solution Franchising LLC 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, or sooner if required by applicable law.
Applicable state laws in 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 Deer Solution Franchising LLC 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 in 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 9, 2025
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the franchisee must sign and date the receipt for the Franchise Disclosure Document and return it to Deer Solution Franchising LLC at their New Jersey address. This confirms that the franchisee received the FDD. The FDD summarizes the Franchise Agreement and other information. Deer Solution must provide the FDD to the prospective franchisee 14 calendar days before signing a binding agreement or making a payment, unless state law requires it sooner. Some states, like New York, Rhode Island, and Michigan, have specific timelines related to the first personal meeting or agreement execution.
The FDD receipt serves as an acknowledgment that Deer Solution has met its legal obligation to provide the disclosure document within the mandated timeframe. This is a crucial step in the franchising process, ensuring transparency and informed decision-making. Failure to deliver the FDD on time or if it contains false information, may lead to violations of federal and state laws, which should be reported to the Federal Trade Commission and the relevant state administrator.
This receipt requirement is standard practice in the franchise industry, designed to protect both the franchisor and franchisee by documenting the exchange of critical information. By signing and dating the receipt, the franchisee acknowledges they have received the FDD, while Deer Solution can demonstrate compliance with disclosure laws. The issuance date of the FDD is April 9, 2025.