factual

How many calendar days before the Learningrx Franchise Agreement execution must the franchisee receive the Franchise Disclosure Document?

Learningrx Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 19.3 FRANCHISEE HAS RECEIVED THE FRANCHISE DISCLOSURE DOCUMENT REQUIRED BY THE FEDERAL TRADE COMMISSION WITH APPLICABLE EXHIBITS AT LEAST FOURTEEN (14) CALENDAR DAYS BEFORE THE DATE ON WHICH THIS AGREEMENT WAS EXECUTED AND HAS RECEIVED A COPY OF THE COMPLETE LEARNINGRX FRANCHISE AGREEMENT AT LEAST FOURTEEN (14) CALENDAR DAYS BEFORE THE DATE ON WHICH THIS AGREEMENT OR ANY PAYMENT WAS MADE TO FRANCHISOR.

Source: Item 23 — RECEIPT (FDD pages 54–209)

What This Means (2025 FDD)

According to Learningrx's 2025 Franchise Disclosure Document, a prospective franchisee must receive the Franchise Disclosure Document (FDD) at least fourteen (14) calendar days before executing the Franchise Agreement. This requirement ensures that franchisees have sufficient time to review the document and seek professional advice before making a binding commitment.

This 14-day period is mandated by the Federal Trade Commission (FTC) and is a standard practice in franchising. It allows potential franchisees to carefully consider the terms and conditions of the franchise agreement, assess the risks and benefits involved, and conduct due diligence. The FDD contains crucial information about Learningrx, including its financial performance, obligations, and the franchisee's responsibilities.

Furthermore, the Learningrx FDD states that the franchisee must also receive a copy of the complete Learningrx Franchise Agreement at least fourteen (14) calendar days before the agreement is executed or any payment is made to Learningrx. This dual requirement ensures transparency and protects the franchisee by providing ample opportunity to review all relevant documents before committing financially or legally to the franchise.

It is important to note that New York law requires Learningrx to provide the franchise disclosure document at the earlier of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. This means that if the first personal meeting occurs more than 10 business days before signing, the FDD must be provided at the meeting. Franchisees should be aware of the specific regulations in their state, as state laws may provide additional protections or requirements beyond the federal regulations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.