Before signing the Face Foundrie Franchise Agreement, were you required to sign a receipt for the Disclosure Document indicating the date you received it at least 14 calendar days prior?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Yes___ | No___ | 1. Have you received and personally reviewed the Franchise Disclosure Document (“Disclosure Document”) we provided? |
|---|---|---|
| Yes___ | No___ | 2. Did you sign a receipt for the Disclosure Document indicating the date you received it, which was at least 14 calendar days before signing the Franchise Agreement? |
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, franchisees are required to acknowledge in a receipt that they received the Franchise Disclosure Document (FDD) at least 14 calendar days before signing the Franchise Agreement. This receipt confirms that the franchisee had adequate time to review the document.
This requirement is a standard practice in franchising, designed to protect prospective franchisees by ensuring they have sufficient time to consider the investment and consult with advisors. The Face Foundrie FDD includes a receipt form with a series of questions for the franchisee to confirm their understanding and review of the FDD and related agreements.
Specifically, one of the questions on the receipt asks: "Did you sign a receipt for the Disclosure Document indicating the date you received it, which was at least 14 calendar days before signing the Franchise Agreement?" Franchisees must answer "Yes" to this question to proceed with the agreement, confirming they have met the mandatory waiting period. This helps ensure compliance with federal and state franchise laws, which mandate a disclosure period to allow franchisees to make informed decisions.