In the Exit FDD receipt, what information is required in row 4 under the 'Date' column?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| Date | Name | Signature | |
|---|---|---|---|
| 4. | |||
| 5. | |||
| 6. | |||
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the receipt included in Item 23 has a table with columns for 'Date', 'Name', and 'Signature'. Row 4 of this table does not specify any particular information to be entered under the 'Date' column, leaving it blank. This suggests that the franchisee may need to fill in the date when signing the receipt, or it could be for internal use by Exit.
Prospective Exit franchisees should clarify with the franchisor what date is expected to be entered in that field. It is possible that the date refers to when the franchisee received the FDD, when they signed the franchise agreement, or some other relevant date. Understanding the purpose of this date entry is important for maintaining accurate records and fulfilling the obligations outlined in the franchise agreement.
Without further clarification from Exit, it is difficult to determine the exact purpose of the date field in row 4. Franchisees should ensure they understand all requirements for completing the receipt accurately to avoid potential issues or delays in the franchise approval process.