As of what date was the Endless Summer Sweets Franchise Disclosure Document effective in California?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
CALIFORNIA ADDENDUM TO DISCLOSURE DOCUMENT
The registration of this franchise offering by the California Department of Financial Protection and Innovation does not constitute approval, recommendation, or endorsement by the commissioner.
California limited liability companies Code, Section 31125 requires the franchisor to give the franchisee a disclosure document, approved by the Department of Financial Protection and Innovation, 14 days prior to the execution of an agreement or the solicitation of a proposed material modification of an existing agreement.
The California Franchise Investment Law requires that a copy of all proposed agreements relating to the sale of the franchise be delivered together with the offering circular.
Our website, www.EndlessSummerSweets.com, has not been reviewed or approved by the California Department of Financial Protection and Innovation. Any complaints concerning the content of this website may be directed to the California Department of Financial Protection and Innovation at www.dfpi.ca.gov.
California's Franchise Investment Law (Corporations Code sections 31512 and 31512.1) states that any provision of a franchise agreement or related document requir3en the franchisee to waive specific provisions of the law is contrary to public policy and is void and unenforceable. The law also prohibits a franchisor from disclaiming or denying (i) representations it, its employees, or its agents make to you, (ii) your ability to rely on any representations it makes to you, or (iii) any violations of the law.
No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
Source: Item 23 — RECEIPTS (FDD pages 39–125)
What This Means (2024 FDD)
The 2024 Endless Summer Sweets Franchise Disclosure Document includes a California Addendum. This addendum states that the registration of the franchise offering by the California Department of Financial Protection and Innovation does not constitute approval, recommendation, or endorsement by the commissioner.
California law requires Endless Summer Sweets to provide a disclosure document approved by the Department of Financial Protection and Innovation to the franchisee 14 days before the execution of an agreement or the solicitation of a proposed material modification of an existing agreement. The California Franchise Investment Law also mandates that a copy of all proposed agreements relating to the sale of the franchise be delivered together with the offering circular.
The addendum also clarifies that Endless Summer Sweets' website has not been reviewed or approved by the California Department of Financial Protection and Innovation, and any complaints about the website's content can be directed to the department. Furthermore, California's Franchise Investment Law states that any provision requiring the franchisee to waive specific provisions of the law is void and unenforceable. The law also prohibits Endless Summer Sweets from disclaiming or denying representations made to the franchisee or their ability to rely on those representations.
Finally, no statement, questionnaire, or acknowledgment signed by a franchisee shall waive any claims under applicable state franchise law, including fraud in the inducement, or disclaim reliance on any statement made by Endless Summer Sweets or its representatives. This provision supersedes any other term of any document executed in connection with the franchise.