What is the requirement for a Floors To Go franchisee's execution of the agreement?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
If Floors To Go, LLC offers you a franchise, Floors To Go, LLC must provide this disclosure document to you fourteen (14) calendar days (or sooner, if required by applicable state law) before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale.
New York requires that Floors To Go, LLC provide you this disclosure document at the earlier of your first personal meeting to discuss the franchise or ten (10) business days before the execution of the membership or other agreement, or the payment of any consideration that relates to the franchise relationship. Michigan requires that Floors To Go, LLC provide you this disclosure document at least ten (10) business days before the execution of the membership or other agreement, or the payment of any consideration that relates to the franchise relationship. Iowa requires that Floors To Go, LLC provide you this disclosure document at the earlier of your first personal meeting to discuss the franchise or fourteen (14) calendar days before the execution of the membership or other agreement, or the payment of any consideration that relates to the franchise relationship.
If Floors To Go, LLC 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 and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency identified on Exhibit "F."
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, there are specific timeframes that Floors To Go must adhere to before a prospective franchisee can sign a binding agreement or make any payments. Generally, Floors To Go must provide the disclosure document to a potential franchisee fourteen (14) calendar days before they sign an agreement or make a payment.
However, this timeframe varies depending on the state. For instance, in New York, Floors To Go must provide the disclosure document at the earlier of the first personal meeting to discuss the franchise or ten (10) business days before the execution of the agreement or payment of any consideration. Similarly, Michigan requires at least ten (10) business days, and Iowa requires the earlier of the first personal meeting or fourteen (14) calendar days before signing or payment.
These regulations are in place to ensure that prospective Floors To Go franchisees have sufficient time to review the FDD and seek professional advice before committing to the franchise. Failure by Floors To Go to deliver the disclosure document on time or if the document contains false or misleading information, it may constitute a violation of federal and state laws, which should be reported to the Federal Trade Commission and the appropriate state agency.