What happens to any negotiable instrument executed by me if I cancel my Gold Star transaction?

According to Gold Star's 2025 Franchise Disclosure Document, a franchisee has the right to cancel the franchise transaction within a specific timeframe. The FDD states, "You, the franchisee, may cancel this transaction at any time prior to midnight of the fifth business day after the date you sign this agreement." This cancellation right is further explained in an attached notice of cancellation.

While the FDD excerpt confirms the franchisee's right to cancel the transaction within a five-business-day window, it does not explicitly detail what happens to any negotiable instruments (e.g., checks, promissory notes) that the franchisee might have executed as part of the franchise agreement. The inclusion of a "notice of cancellation" suggests there are specific procedures and consequences related to exercising this right, but the excerpt does not provide those details.

Therefore, a prospective Gold Star franchisee should carefully review the "attached notice of cancellation" referenced in the FDD to understand the precise steps for canceling the agreement and the specific handling of any financial instruments involved. If the notice does not provide sufficient clarity, it is crucial to seek clarification from Gold Star regarding the treatment of negotiable instruments upon cancellation to fully understand the financial implications of exercising this right.