What is the issuance date of this Desi District disclosure document?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: June 17th, 2024
I received a disclosure document dated 6/17/2024, that included the following Exhibits:
- A. State Administrators and Agents for Service of Process
- B. Franchise Agreement (with Guaranty and Non-Compete Agreement)
- C. Multi-Unit Development Agreement
- D. Rider to Lease Agreement
- E. Form of General Release
- F. Financial Statements
- G. Brand Standards Manual Table of Contents
- H. Current and Former Franchisees
- I. State Addenda to Disclosure Document
- J. State Addenda to Agreements
Source: Item 23 — RECEIPTS (FDD pages 52–140)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the issuance date is June 17th, 2024. This date is crucial because it marks the beginning of the review period for prospective franchisees.
Federal and state franchise laws require franchisors to provide the FDD to potential franchisees at least 14 calendar days (or in some states like New York, 10 business days) before signing any binding agreement or making any payment. This allows franchisees adequate time to review the document and seek professional advice.
The FDD includes various exhibits, such as state administrators and agents for service of process, the franchise agreement, multi-unit development agreement, lease agreement rider, general release form, financial statements, brand standards manual table of contents, current and former franchisees list, and state addenda. Franchisees should verify that they have received all listed exhibits with the FDD to ensure they have a complete understanding of the franchise offering.