After receiving the Hyper Kidz Disclosure Document, what action must I take with one of the acknowledgment copies?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
- 21.3 YOU ACKNOWLEDGE THAT YOU RECEIVED THE DISCLOSURE DOCUMENT REQUIRED BY THE TRADE REGULATION RULE OF THE FEDERAL TRADE COMMISSION AT LEAST FOURTEEN (14) CALENDAR DAYS PRIOR TO THE DATE ON WHICH THIS AGREEMENT WAS EXECUTED OR ANY PAYMENT WAS MADE TO US OR OUR AFFILIATES.
- 21.4 YOU EXPRESSLY ACKNOWLEDGE THAT YOU HAVE NOT RELIED UPON ANY EARNINGS CLAIMS, SUCH AS ORAL OR WRITTEN STATEMENTS OR SUGGESTIONS, MADE BY ANY REPRESENTATIVE OF OR ANY OTHER PERSON PURPORTING TO BE ACTING ON OUR BEHALF REGARDING THE POTENTIAL FUTURE SALES, REVENUES OR PROFITS WHICH MAY BE DERIVED FROM OPERATION OF HYPER KIDZ BUSINESSES OR DEVELOPMENT OF THE DEVELOPMENT AREA.
Source: Item 23 — RECEIPTS (FDD pages 52–205)
What This Means (2024 FDD)
Based on the 2024 Hyper Kidz Franchise Disclosure Document, after receiving the disclosure document, you must acknowledge that you received the document required by the Trade Regulation Rule of the Federal Trade Commission at least fourteen (14) calendar days prior to the date on which the agreement was executed or any payment was made to Hyper Kidz or their affiliates.
This acknowledgment confirms that Hyper Kidz has provided you with the necessary information within the legally mandated timeframe, allowing you sufficient time to review the opportunity and seek advice before committing to the franchise. This is a standard practice in franchising, ensuring transparency and protecting potential franchisees.
By signing the acknowledgment, you are affirming that you had ample opportunity to consult with advisors about the risks of entering into the agreement. You also acknowledge that you have not relied upon any earnings claims made by Hyper Kidz or their representatives regarding potential future sales, revenues, or profits.