Is the Gold Star disclosure document receipt attached as Exhibit I required to be submitted in duplicate?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit I, the last page of this disclosure document is a detachable receipt, in duplicate, acknowledging your receipt of this disclosure document (and the Exhibits attached to this disclosure document).
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to the 2025 Gold Star Franchise Disclosure Document, Exhibit I, the receipt acknowledging the franchisee's receipt of the disclosure document, is indeed in duplicate.
This requirement ensures that both the franchisee and Gold Star have a record confirming the franchisee received the FDD and all its exhibits. This is a standard practice in franchising, as it documents that the franchisor has provided the required disclosure information to the prospective franchisee within the mandated timeframe.
The receipt includes a list of all exhibits included with the disclosure document, such as the Agent for Service of Process List, the Franchise Agreement, and the Financial Statements. The franchisee should carefully review this list to confirm they have received all listed documents. By signing the receipt, the franchisee acknowledges they have received these documents, which is a crucial step in the franchise sales process.