In Ohio, what information must be included in the cancellation notice for the Expense Reduction Analysts franchise?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
[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 Ohio Notice of Cancellation must include the date the agreement was signed by the franchisee. The franchisee has five business days from this date to cancel the transaction without penalty or obligation.
The notice also states that if the franchisee cancels, any payments made under the agreement and any negotiable instrument executed will be returned within ten business days following Expense Reduction Analysts' receipt of the cancellation notice. Additionally, any security interest arising out of the transaction will be cancelled.
The cancellation notice specifies that the franchisee must make available to Expense Reduction Analysts, at the franchisee's business address, all goods delivered under the agreement. Alternatively, the franchisee may 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. However, if the franchisee fails to make the goods available or fails to return them as agreed, they remain liable for all obligations under the agreement.
To cancel the transaction, the franchisee must mail or deliver a signed and dated copy of the cancellation notice or any other written notice, or send a telegram to Expense Reduction Analysts at 16415 Addison Road, Suite 410, Addison, Texas 75001, or send an e-mail to recruiting@eragroup.com, no later than midnight of the date that is five business days after the agreement date.