What is the issuance date of the Devon Creek Disclosure Document referenced in Exhibit H?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: April 10, 2024
I received a Disclosure Document dated April 10, 2024, that included the following Exhibits:
EXHIBIT A: List of State Franchise Administrators and Agents for Service of Process
EXHIBIT B: Franchise Agreement EXHIBIT C: Financial Statements
EXHIBIT D: Operations Manual Table of Contents
EXHIBIT E: Franchised Outlets
EXHIBIT F: Acknowledgement Statement
EXHIBIT G: State Addenda EXHIBIT H: Receipts
Source: Item 23 — RECEIPT (FDD pages 45–141)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, the issuance date of the disclosure document referenced in Exhibit H is April 10, 2024. This date is significant because it represents the official start of the 14-day review period that Devon Creek must provide to prospective franchisees before they sign any binding agreements or make payments.
This 14-day period allows potential franchisees to thoroughly review the FDD and seek professional advice. The FDD also mentions that New York requires that prospective franchisees receive the disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
It is important for prospective Devon Creek franchisees to verify that the date on the disclosure document they receive matches this issuance date to ensure they have the most current information. Receiving an outdated document could mean that critical information is missing or inaccurate, potentially leading to ill-informed decisions. Franchisees should also note the receipt included as Exhibit H and return the signed receipt to Devon Creek Franchise Group, LLC.