What does the California Franchise Investment Law require Itan to provide to prospective franchisees?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
CALIFORNIA
The California Franchise Investment Law requires a copy of all proposed agreements relating to the sale of the Franchise be delivered together with the Disclosure Document.
Section 31125 of the California Corporations Code requires us to give you a disclosure document, in a form containing the information that the Commissioner may by rule or order require, before a solicitation of a proposed material modification of an existing franchise.
Neither the franchisor nor any person or franchise broker in Item 2 of the FDD is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities Exchange Act of 1934, 15 U.S.C.A. 78a et seq., suspending or expelling such persons from membership in such association or exchange.
Business and Professions Code Section 20010 voids a waiver of your rights under the Franchise Relations Act (Business and Professions Code Sections 20000 through 20043).
OUR WEBSITE HAS NOT BEEN REVIEWED OR APPROVED BY THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION & INNOVATION.
ANY COMPLAINTS CONCERNING THE CONTENT OF THIS WEBSITE MAY BE DIRECTED TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION & INNOVATION AT https://dfpi.ca.gov/.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the California Franchise Investment Law mandates that Itan provide a copy of all proposed agreements relating to the sale of the franchise alongside the Disclosure Document. This requirement ensures that prospective franchisees have access to all relevant contractual information before making any commitments.
Additionally, Section 31125 of the California Corporations Code stipulates that Itan must provide a disclosure document to prospective franchisees before soliciting any proposed material modification of an existing franchise. This disclosure document must contain information that the Commissioner may require by rule or order.
It is important to note that Itan's website has not been reviewed or approved by the California Department of Financial Protection & Innovation. Any complaints regarding the website's content can be directed to the California Department of Financial Protection & Innovation.