factual

What exhibit contains the detachable receipt for the Dryer Vent Squad franchise?

Dryer_Vent_Squad Franchise · 2024 FDD

Answer from 2024 FDD Document

Exhibit J "FDD Receipts," is supplemented with the addition of the following:

The Receipt for this Disclosure Document (Exhibit "J") is supplemented to add the following:

    1. THIS FRANCHISE WILL BE/HAVE BEEN FILED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF HAWAII. FILING DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE DIRECTOR OF COMMERCE AND CONSUMER AFFAIRS OR A FINDING BY THE DIRECTOR OF COMMERCE AND CONSUMER AFFAIRS THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.
    1. THE FRANCHISE INVESTMENT LAW MAKES IT UNLAWFUL TO OFFER OR SELL ANY FRANCHISE IN THIS STATE WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE, OR SUBFRANCHISOR, AT LEAST SEVEN DAYS BEFORE THE EXECUTION BY THE PROSPECTIVE FRANCHISEE, OF ANY BINDING FRANCHISE OR OTHER AGREEMENT, OR AT LEAST SEVEN DAYS BEFORE THE PAYMENT OF ANY CONSIDERATION BY THE FRANCHISEE, OR SUBFRANCHISOR, WHICHEVER OCCURS FIRST, A COPY OF THE DISCLOSURE DOCUMENT, TOGETHER WITH A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE SALE OF THE FRANCHISE.
    1. THIS DISCLOSURE DOCUMENT CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT AND THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR A STATEMENT OF ALL RIGHTS, CONDITIONS, RESTRICTIONS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.

Illinois FDD Amendment

Amendments to the Dryer Vent Squad Franchise Disclosure Document

DISCLOSURE REQUIRED BY THE STATE OF ILLINOIS

Illinois law governs the Franchise Agreement.

Source: Item 23 — RECEIPTS (FDD pages 51–207)

What This Means (2024 FDD)

According to the 2024 Dryer Vent Squad FDD, Exhibit J contains the FDD Receipts. The Hawaii FDD Amendment supplements Exhibit J with additional information regarding the receipt for the disclosure document, specifically mentioning that the franchise will be/have been filed under the Franchise Investment Law of the State of Hawaii. It clarifies that filing does not constitute approval, recommendation, or endorsement by the Director of Commerce and Consumer Affairs. The amendment also states that the Franchise Investment Law requires providing the prospective franchisee with the disclosure document and related agreements at least seven days before signing any binding agreement or paying any consideration.

This information is crucial for prospective Dryer Vent Squad franchisees in Hawaii as it highlights their rights and protections under the state's franchise laws. It ensures they have sufficient time to review the FDD and agreements before making any financial commitments. The disclosure also emphasizes that the state's filing of the franchise does not imply any endorsement or guarantee of its success.

Furthermore, the Illinois FDD Amendment notes that Illinois law governs the Franchise Agreement. This indicates that franchisees in Illinois will have their franchise agreement interpreted and enforced under Illinois state law, which may have specific implications for their rights and obligations.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.