What is the date on which the Goldsainte Franchise Agreement was entered into?
Goldsainte Franchise · 2024 FDDAnswer from 2024 FDD Document
Since the prospective franchisee ("Franchisee," "you," or "your") and Goldsainte Franchise, LLC ("Franchisor," "us," or "we") both have an interest in making sure that no misunderstanding exists between them, and to verify that no violation of law might have occurred, and understanding that we are relying on statements you make in this disclosure, you assure to us as follows:
The following dates and information are true and correct:
- The date on which you received the Franchise Disclosure Document: 2. The date when you received a fully completed copy (other than signatures) of the Franchise Agreement, Area Development Agreement (if appropriate) and all other documents you later signed: 3. The earliest date on which you signed the Franchise Agreement, Area Development Agreement or any other binding document (not including any letter or other acknowledgment of receipt): 4. The earliest date on which you delivered cash, check or other consideration to us, or any other person or company:
Representations:
Source: Item 23 — RECEIPTS (FDD pages 51–73)
What This Means (2024 FDD)
The Goldsainte 2024 Franchise Disclosure Document (FDD) does not explicitly state a specific date on which the Franchise Agreement was entered into. However, Exhibit H, titled "Statement of Prospective Franchisee," includes a section where the franchisee must confirm the accuracy of certain dates and information. This includes the date the franchisee received the Franchise Disclosure Document, the date they received a fully completed copy of the Franchise Agreement, the earliest date they signed the Franchise Agreement, and the earliest date on which they delivered any consideration to Goldsainte.
Additionally, Exhibit J, the Multi-State Addenda, includes an addendum for California that states the California Franchise Investment Law requires a copy of all proposed agreements relating to the sale of the franchise to be delivered together with the disclosure document. This implies that the Franchise Agreement's date is a crucial piece of information that the franchisee needs to be aware of and acknowledge.
While the FDD does not provide the actual date, it emphasizes the importance of the franchisee's awareness of this date and requires them to acknowledge it in the Statement of Prospective Franchisee. A prospective franchisee should carefully review the Franchise Agreement and related documents to confirm the accuracy of all dates and information before signing any binding agreements or making any payments to Goldsainte.