Is there a deadline for providing the acknowledgement in the Exit FDD receipt?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
You may return the signed Receipt either by signing, dating and mailing to EXIT Realty Upper Midwest PO Box 1431, Lakeville, MN 55044**,, or by scanning and e-mailing a copy of the signed and dated Receipt to info@exitumw.com.
**
**This Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this Disclosure Document and all agreements carefully.
If EXIT Realty Upper Midwest offers you a Franchise, it must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, EXIT Realty Upper Midwest or an affiliate in connection with the proposed Franchise sale.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to the 2025 Exit Franchise Disclosure Document, there is no explicit deadline mentioned for returning the signed receipt of the FDD. However, the document does state that if Exit Realty Upper Midwest offers a franchise, they must provide the Disclosure Document to you 14 calendar days before you sign a binding agreement or make a payment related to the franchise sale.
The FDD receipt serves as an acknowledgement that the prospective franchisee received the document. While no deadline is specified, it is implied that the receipt should be returned promptly to confirm timely receipt of the FDD, especially since the franchisor needs to provide the FDD at least 14 days before any binding agreement is signed or payment is made.
To ensure compliance and avoid potential delays, a prospective Exit franchisee should clarify with Exit Realty Upper Midwest about any internal deadlines or recommended timeframes for returning the signed receipt. This will help ensure that the franchisee meets all requirements and can proceed smoothly with the franchise purchase process.