What is the purpose of the acknowledgement section in the Exit FDD receipt?

According to Exit's 2025 Franchise Disclosure Document, the Item 23 Receipt serves as an acknowledgement that the prospective franchisee has received the FDD. The receipt itself is a separate document, labeled as Exhibit G, and includes two copies.

Receipts are standard practice in franchising. They confirm that the franchisor has provided the legally required disclosure document to the potential franchisee within the mandated timeframe. This acknowledgement is crucial for Exit to demonstrate compliance with franchise regulations.

Prospective franchisees should carefully review the FDD upon receipt and retain a copy of the signed receipt as proof of delivery. This documentation can be important for protecting their rights and understanding their obligations should they decide to move forward with the Exit franchise opportunity.