Does the Expense Reduction Analysts franchise agreement amendment provide any specific deadlines for compliance?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
OHIO NOTICE OF CANCELLATION
[Insert Date Agreement Signed by FRANCHISEE]
You may cancel this transaction, without penalty or obligation, within five business days from the above date. If you cancel, any payments made by you under the Agreement, and any negotiable instrument executed by you will be returned within ten business days following Expense Reduction Analysts, Inc.'s receipt of your cancellation notice, and any security interest arising out of the transaction will be cancelled. If you cancel, you must make available to Expense Reduction Analysts, Inc., at your business address all goods delivered to you under this agreement; or you may if you wish, comply with the instructions of Expense Reduction Analysts, Inc., regarding the return shipment of the goods at Expense Reduction Analysts, Inc. 's expense and risk. If you do make the goods available to Expense Reduction Analysts, Inc., and Expense Reduction Analysts, Inc., does not pick them up within twenty days of the date of your notice of cancellation, you may retain or dispose of them without further obligation. If you fail to make the goods available to Expense Reduction Analysts, Inc., or if you agree to return them to Expense Reduction Analysts, Inc., and fail to do so, then you remain liable for the performance of all obligations under the Agreement. To cancel this transaction, mail or deliver a signed and dated copy of this cancellation notice or any other written notice, or send a telegram, to Expense Reduction Analysts, Inc., at 16415 Addison Road, Suite 410, Addison, Texas 75001 or send an e-mail to Expense Reduction Analysts, Inc., at recruiting@eragroup.com not later than midnight of [Insert date that is five business days after the date above].
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (REGIONAL FRANCHISEES) (FDD pages 52–57)
What This Means (2025 FDD)
According to the 2025 Expense Reduction Analysts FDD, the addendum for Ohio provides a specific cancellation deadline. In Ohio, a franchisee can cancel the transaction within five business days from the date the agreement was signed. If cancellation occurs, Expense Reduction Analysts is obligated to return any payments and negotiable instruments within ten business days of receiving the cancellation notice.
Following cancellation, the franchisee must make available to Expense Reduction Analysts all delivered goods. Expense Reduction Analysts has twenty days from the date of the cancellation notice to pick up the goods. If Expense Reduction Analysts fails to retrieve the goods within this timeframe, the franchisee may retain or dispose of them without further obligation.
To cancel, the franchisee must mail, deliver, or send a telegram or e-mail to Expense Reduction Analysts at the provided address, no later than midnight of the date that is five business days after the agreement was signed.