Does the Exit FDD receipt acknowledgement serve as proof of delivery of the FDD?
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 acknowledgement serves as proof that the prospective franchisee received the FDD. Item 23 explicitly states that the receipt is a separate document attached as Exhibit G of the disclosure document. This receipt acknowledges that the franchisee has received the disclosure document.
This acknowledgement is a standard practice in franchising. It confirms that Exit has provided the required disclosure document to the potential franchisee within the mandated timeframe. The franchisee's signature on the receipt verifies they have received the FDD, which contains important information about the franchise opportunity.
Prospective franchisees should carefully review the FDD upon receipt and retain a copy of the signed receipt as proof of delivery. This receipt may be important for legal and compliance purposes, ensuring both parties have met their obligations under franchise regulations.