To whom should violations regarding the Devon Creek Disclosure Document, such as false statements or material omissions, be reported?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
receive this Franchise 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.
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, it constitutes a violation of federal and state law. The FDD states that such violations should be reported to the Federal Trade Commission (FTC) in Washington, DC 20580, and to the franchisee's state authority listed on Exhibit A of the FDD. Exhibit A includes 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.
For a prospective Devon Creek franchisee, this information is crucial because it provides clear guidance on where to report potential issues with the Franchise Disclosure Document. The FDD is a critical document for making an informed investment decision, and it is essential that the information contained within it is accurate and complete. Knowing that there are avenues for reporting inaccuracies or omissions offers a level of protection and recourse.
It is standard practice in franchising to provide such information in the FDD, as it is a legal requirement to ensure transparency and protect potential franchisees. The inclusion of Exhibit A, which lists the relevant state authorities, further simplifies the reporting process for franchisees, as they can easily identify the appropriate agency in their state to contact. Prospective franchisees should carefully review Exhibit A to understand their rights and the resources available to them should they encounter any issues with the Devon Creek FDD.