In Wisconsin, does registration of a Dryject franchise constitute endorsement by the Commissioner of Securities?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchise Disclosure Document for DRYJECT MANAGEMENT, LLC for use in the State of Wisconsin shall be amended as follows:
State Cover Page:
THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE WISCONSIN FRANCHISE INVESTMENT LAW. REGISTRATION DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF SECURITIES OF WISCONSIN OR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.
THE WISCONSIN FRANCHISE INVESTMENT LAW MAKES IT UNLAWFUL TO OFFER OR SELL ANY FRANCHISE IN THIS STATE WHICH IS SUBJECT TO REGISTRATION WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE AT LEAST 7 DAYS PRIOR TO THE EXECUTION BY THE PROSPECTIVE FRANCHISEE OF ANY BINDING FRANCHISE OR OTHER AGREEMENT, OR AT LEAST 7 DAYS PRIOR TO THE PAYMENT OF ANY CONSIDERATION, BY THE FRANCHISEE, WHICHEVER OCCURS FIRST, A COPY OF THIS PUBLIC OFFERING STATEMENT, TOGETHER WITH A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE FRANCHISE. THIS PUBLIC OFFERING STATEMENT CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT. THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR AN UNDERSTANDING OF ALL RIGHTS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.
THIS DISCLOSURE DOCUMENT AND THE FRANCHISE AGREEMENTS ARE SUBJECT TO THE WISCONSIN FRANCHISE INVESTMENT LAW.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the registration of the franchise in Wisconsin does not constitute approval, recommendation, or endorsement by the Commissioner of Securities of Wisconsin. Furthermore, it is not a finding by the Commissioner that the information provided in the FDD is true, complete, and not misleading. This is a standard disclaimer in franchise registrations, as state authorities typically do not evaluate the merits of a franchise offering during the registration process. Instead, they focus on ensuring that all required disclosures are made to prospective franchisees.
This means that a prospective Dryject franchisee in Wisconsin should not interpret the franchise's registration as an official endorsement or guarantee of its viability. Franchisees must conduct their own independent due diligence to assess the risks and opportunities associated with investing in a Dryject franchise. This includes carefully reviewing the FDD, seeking advice from legal and financial professionals, and contacting existing franchisees to learn about their experiences.
The FDD also states that the Wisconsin Franchise Investment Law requires that prospective franchisees receive the FDD and all proposed agreements at least 7 days before signing any binding agreement or paying any consideration, whichever occurs first. This provides a window for franchisees to review the documents and seek professional advice before committing to the franchise. The FDD itself is a summary of certain material provisions, and the actual contract should be consulted for a complete understanding of the rights and obligations of both Dryject and the franchisee.