What is the role of Exhibit A in the Fly To Fit FDD?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
If Fly To Fit Franchise, 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 law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and any applicable state agency (which are listed in Exhibit A).
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Exhibit A lists the applicable state agencies to which a violation of federal and state law should be reported if the disclosure document is not delivered on time, contains a false or misleading statement, or has a material omission. This exhibit is referenced within the receipt section of the FDD. The disclosure document summarizes certain provisions of the franchise agreement and other information in plain language.
Fly To Fit must provide the disclosure document to a prospective franchisee 14 calendar days before they sign a binding agreement or make a payment to Fly To Fit or an affiliate in connection with the proposed franchise sale. New York requires that the disclosure document be given at the earlier of the first personal meeting or 10 business days before the execution of any franchise or other agreement, or payment of any consideration that relates to the franchise relationship.
It is important for a prospective Fly To Fit franchisee to understand their rights and how to report any potential violations of federal and state franchise laws. Exhibit A provides a crucial resource for franchisees to take action if they believe they have been wronged during the franchise sales process.