Does the Exit FDD receipt acknowledgement require the date of receipt?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 23 RECEIPT
THE RECEIPT IS A SEPARATE DOCUMENT ATTACHED AS EXHIBIT G (2 COPIES) OF THIS DISCLOSURE DOCUMENT ACKNOWLEDGING RECEIPT OF THE DISCLOSURE DOCUMENT BY YOU.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the receipt acknowledging the disclosure document is a separate document attached as Exhibit G. While the excerpt confirms the existence of a receipt, it does not specify whether the receipt acknowledgement requires the date of receipt.
Because the FDD excerpt does not specify whether the receipt acknowledgement requires the date of receipt, prospective Exit franchisees should confirm with Exit whether the receipt acknowledgement requires the date of receipt.
Understanding the specific requirements for the receipt, including the need for a date, is essential for compliance and proper documentation during the franchise evaluation process.