According to Exit's 2025 Franchise Disclosure Document, the receipt of the FDD requires acknowledgement. Specifically, Item 23 states that the receipt is a separate document attached as Exhibit G, and this document serves to acknowledge that the prospective franchisee has received the disclosure document. This acknowledgement is a standard practice in franchising, confirming that the franchisee was given the opportunity to review the FDD before making any financial commitment or signing an agreement.

This requirement ensures that Exit complies with federal and state franchise laws, which mandate that franchisors provide potential franchisees with a copy of the FDD within a specific timeframe before any binding agreements are made. By having a signed receipt, Exit can verify that it has met its disclosure obligations.

For a prospective Exit franchisee, this means they will need to sign and return the receipt (Exhibit G) to acknowledge they have received the FDD. This is a crucial step in the franchise process, and franchisees should carefully review the FDD before signing the receipt to ensure they understand the terms and conditions of the franchise agreement.