What is the purpose of the document located on the last page of the Floyds 99 Disclosure Document?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPT]
EXHIBIT O (TO DISCLOSURE DOCUMENT)
RECEIPT
(Keep this copy for your records.)
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 Floyd's 99 Franchising offers you a franchise, it must provide this Disclosure Document to you 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.
New York requires that we 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. Michigan requires that we give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Floyd's 99 Franchising 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 state agency listed on Exhibit A.
The franchisor is Floyd's 99 Franchising, LLC, located at 7900 E. Berry Place, Greenwood Village, CO 80111, Telephone: (303) 779-8400 or toll free (888) 771-2899.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the document located on the last page is a receipt. This receipt serves as an acknowledgment that the prospective franchisee has received the FDD. It confirms the date of receipt and includes a space for the prospective franchisee's signature and printed name.
Floyds 99 Franchising uses this receipt to document its compliance with franchise disclosure laws. These laws typically require franchisors to provide the FDD to potential franchisees within a specific timeframe before they sign any binding agreements or make payments. By signing and returning the receipt, the prospective franchisee verifies that they received the document, which helps Floyds 99 prove they met their disclosure obligations.
The receipt also includes important information for the prospective franchisee. It advises them to read the Disclosure Document and all agreements carefully. It also informs them of their rights and how to report any issues, such as if the Disclosure Document was not delivered on time or contains false or misleading information. The receipt includes contact information for the Federal Trade Commission and state agencies where violations can be reported.
Prospective Floyds 99 franchisees must sign, date, and return the receipt to Floyds 99 Franchising, LLC, either by mail or fax. Keeping a copy of the receipt is also advised for their records. This receipt is a standard practice in franchising, ensuring both the franchisor and franchisee are protected and aware of their rights and responsibilities during the franchise sales process.