How many copies of the receipt to the Itan Disclosure Document must the recipient sign?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
(This Receipt should be executed in duplicate. One Receipt must be signed and remains in the Franchise Disclosure Document as the prospective franchise owner's copy. The other Receipt must be signed and returned to iTAN Franchising, Inc.)
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the receipt for the Disclosure Document must be executed in duplicate, meaning two copies must be signed. One signed copy is to be retained by the prospective franchise owner as their copy within the Franchise Disclosure Document. The other signed copy must be returned to iTAN Franchising, Inc.
This requirement ensures that both the franchisor and the prospective franchisee have a record of the franchisee receiving the FDD. This receipt serves as an acknowledgment that the franchisee has been provided with the necessary information to make an informed decision about investing in the Itan franchise.
Franchisors typically require a receipt to document the delivery of the FDD to comply with federal and state franchise laws. This helps protect both parties by confirming that the franchisee had access to the disclosure document within the legally mandated timeframe, allowing them to review the opportunity before making any financial commitment or signing any agreements.