In New York, when must Fat Shack give the Disclosure Document to a prospective franchisee?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
New York requires that Fat Shack give you this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, New York requires that Fat Shack provide the Franchise Disclosure Document (FDD) to prospective franchisees at the earlier of two occurrences. These are the first personal meeting between Fat Shack and the potential franchisee, or 10 business days before the execution of any franchise or other agreement. This also applies before the payment of any consideration related to the franchise relationship.
This regulation is designed to ensure that potential franchisees in New York have adequate time to review the FDD and seek professional advice before making any binding commitments or payments. The "first personal meeting" clause is triggered when the franchisor and franchisee meet in person to discuss the franchise opportunity. The "10 business days" clause provides a specific timeframe for reviewing the document before signing agreements or making payments.
It is important for prospective Fat Shack franchisees in New York to be aware of these requirements and to ensure they receive the FDD in a timely manner. This allows them to thoroughly evaluate the franchise opportunity and make informed decisions. Failure by Fat Shack to comply with these disclosure requirements could result in violations of state law.