Are the Expense Reduction Analysts Receipts required to be included in the FDD?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
EXHIBIT G RECEIPTS
RECEIPT (Your 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:
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
Yes, according to Expense Reduction Analysts' 2025 Franchise Disclosure Document, Exhibit G includes receipts. The document states that if Expense Reduction Analysts offers a franchise, it must provide the disclosure document to the prospective franchisee fourteen calendar days before signing a binding agreement or making a payment. Certain states like New York, Rhode Island, Michigan, Oregon, and Wisconsin have specific timelines for providing the disclosure document.
The receipt serves as an acknowledgement that the prospective franchisee has received the Franchise Disclosure Document (FDD). It confirms the date of receipt and lists the exhibits included in the document. This receipt is important because it documents that Expense Reduction Analysts has met its legal obligation to provide the FDD within the mandated timeframe, allowing the franchisee sufficient time to review the opportunity.
There are two copies of the receipt. One copy is for the prospective franchisee to retain for their records, and the other is for Expense Reduction Analysts' records. The franchisee is asked to sign and date the receipt, with the date to be documented upon signing. This signed receipt serves as proof that the franchisee received the FDD, which is a critical component of franchise law compliance.