What is the minimum number of business days required for delivery of the LearningRx Disclosure Document in Michigan before the franchise agreement execution or payment?

According to Learningrx's 2025 Franchise Disclosure Document, Michigan requires that the disclosure document be delivered to the prospective franchisee at least 10 business days before the earlier of two events: the execution of the franchise agreement, or any payment of consideration to Learningrx or its affiliates. This regulation is designed to provide potential franchisees with sufficient time to thoroughly review the FDD and seek professional advice before making a binding commitment.

This 10-business-day period allows individuals to carefully consider the terms of the franchise agreement, assess the risks and benefits of investing in a Learningrx franchise, and conduct due diligence. It also gives them an opportunity to consult with attorneys, accountants, or other advisors to fully understand the legal and financial implications of the franchise.

It's important to note that failure by Learningrx to deliver the disclosure document within the stipulated timeframe, or if the document contains false, misleading, or omits material information, may constitute a violation of both federal and state laws. In such cases, prospective franchisees have the right to report these violations to the Federal Trade Commission and the appropriate state agency. Therefore, Learningrx franchisees in Michigan should ensure they receive the FDD in a timely manner and carefully review its contents.