What should a prospective Devon Creek franchisee do if the Disclosure Document contains a false or misleading statement?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
If Devon Creek Franchise Group, LLC does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and to your state authority listed on Exhibit A.
Source: Item 23 — RECEIPT (FDD pages 45–141)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, if the document contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred. In such a case, the prospective franchisee should report this to the Federal Trade Commission (FTC) in Washington, DC.
Additionally, the franchisee should report the issue to their state authority, as listed on Exhibit A of the Franchise Disclosure Document. Exhibit A contains the names, addresses, and telephone numbers of state agencies responsible for franchising disclosure/registration laws. These agencies also serve as Devon Creek's agents for service of process, to the extent that Devon Creek is registered in their states.
It is important for prospective franchisees to carefully review the Disclosure Document and all exhibits. This ensures they are well-informed about the franchise agreement and can identify any discrepancies or omissions. Reporting any false or misleading statements is crucial for protecting their interests and ensuring compliance with franchise laws.