factual

In Ohio, can a franchisee send a telegram to cancel the Expense Reduction Analysts franchise agreement?

Expense_Reduction_Analysts Franchise · 2025 FDD

Answer from 2025 FDD Document

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 Expense Reduction Analysts' 2025 Franchise Disclosure Document, a franchisee in Ohio has the option to cancel the franchise agreement within five business days from the date the agreement was signed. To initiate the cancellation, the franchisee can mail or deliver a signed and dated copy of the cancellation notice, send another written notice, send a telegram, or send an email to Expense Reduction Analysts.

The notice, whether in writing, via telegram, or email, must be sent to Expense Reduction Analysts at 16415 Addison Road, Suite 410, Addison, Texas 75001 or via email to recruiting@eragroup.com. The cancellation must be completed by midnight of the fifth business day after the agreement was signed.

If the franchisee cancels the agreement within the specified timeframe, Expense Reduction Analysts will return any payments made and any negotiable instruments executed by the franchisee within ten business days of receiving the cancellation notice. Additionally, any security interest arising from the transaction will be cancelled. The franchisee must make available to Expense Reduction Analysts all goods delivered under the agreement at the franchisee's business address. Alternatively, the franchisee can comply with Expense Reduction Analysts' instructions regarding the return shipment of the goods at Expense Reduction Analysts' expense and risk. If Expense Reduction Analysts does not pick up the goods within twenty days of the cancellation notice, the franchisee may retain or dispose of them without further obligation. Failure to make the goods available or to return them as agreed will result in the franchisee remaining liable for all obligations under the agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.