If I sign an Expense Reduction Analysts franchise agreement, will I receive a receipt?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
nt dated April 25, 2025. The Disclosure Document includes the following exhibits:
| A: | List of State Agencies and | D: | List of Franchisees | |----|----------------------------|----|-----------------------| | | Administrators | E: | State Addenda | | B: | Financial Statements | F: | State Effective Dates | | C: | Franchise Agreement and Exhibits | G: | Receipts | A list of the names, principal business addresses, and telephone numbers of each franchise seller offering this franchise is as follows: Larry Smith – Ph: +1 502 608 9805, -, Lisa Hennigar – Ph: 1-865-227- 5356, or Jason Kapica Ph +1 469 259 4374, or Jason Linse Ph**:** +1 469 626 6932 or Jesse Siau Ph**:** +1 469 775 493.
| If an individual: | If a Partnership, Corporation or Limited Liability Corporation: |
|---|---|
| By: | Name of Entity: |
| Print Name: | By: |
| Date: | Print Name: |
| Telephone Number: | Date: |
PLEASE SIGN THIS COPY OF THE RECEIPT, DATE WILL BE DOCUMENTED UPON SIGNING, AND RETAIN FOR YOUR RECORDS.
RECEIPT (Our Copy)
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 Expense Reduction Analysts, Inc. offers you a franchise, it must provide this disclosure document to you fourteen (14) calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale or grant.
New York and Rhode Island require that we give you this disclosure document at the earlier of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan, Oregon, and Wisconsin require that we give you this disclosure document at least ten (10) business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first**.**
If Expense Reduction Analysts, Inc. does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and your State Administrator listed in Exhibit A to this Franchise Disclosure Document. A list of franchisor's agents registered to receive service of process is listed in Exhibit A.
The Issue Date of this Disclosure Document is: April 25, 2025.
I have received a Franchise Disclosure Document dated April 25, 2025. The Disclosure Document includes the following exhibits:
| A: | List of State Agencies and | D: | List of Franchisees | |----|----------------------------|----|-----------------------| | | Administrators | E: | State Addenda | | B: | Financial Statements | F: | State Effective Dates | | C: | Franchise Agreement and Exhibits | G: | Receipt | A list of the names, principal business addresses, and telephone numbers of each franchise seller offering this franchise is as follows: Larry Smith – Ph:, Lisa Hennigar – Ph: 1-865-227-5356, or Jason Kapica Ph +1 469 259 4374 or, Jason Linse Ph**:** +1 469 626 6932 or Jesse Siau Ph**:** +1 469 775 9493.
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Expense Reduction Analysts Franchise Disclosure Document, you will receive a receipt when signing the franchise agreement. The FDD includes a sample receipt that the franchisee must sign, date upon signing, and retain for their records. Expense Reduction Analysts must provide the Franchise Disclosure Document to you fourteen calendar days before you sign a binding agreement or make a payment. Certain states, like New York, Rhode Island, Michigan, Oregon, and Wisconsin, have specific requirements regarding when the disclosure document must be provided, ranging from ten business days before signing or payment to the earlier of the first personal meeting or ten business days before signing or payment.
This receipt serves as an acknowledgment that you received the Franchise Disclosure Document, which summarizes the franchise agreement's provisions and other important information. It is crucial to read the disclosure document and all agreements carefully before signing. The receipt also serves as proof that Expense Reduction Analysts has met its legal obligations in providing the disclosure document within the required timeframe.
If Expense Reduction Analysts fails to deliver the disclosure document on time, or if it contains false or misleading statements or material omissions, it may constitute a violation of federal and state laws. In such cases, you should report the violation to the Federal Trade Commission and your State Administrator, as listed in Exhibit A of the Franchise Disclosure Document. The issue date of the Franchise Disclosure Document is April 25, 2025.
In addition to the receipt for the Franchise Disclosure Document, if you are in Ohio, you will receive a Notice of Cancellation form that allows you to cancel the transaction within five business days from the date you signed the agreement. If you cancel, any payments made by you and any negotiable instrument executed by you will be returned within ten business days following Expense Reduction Analysts' receipt of your cancellation notice.