What is the required action for the recipient of the Lees Famous Recipe Franchise Disclosure Document regarding the acknowledgment of receipt?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
The last two pages of this disclosure document are a detachable acknowledgment of receipt for you to sign and return to us. Please sign and date each of them as of the date you received this disclosure document and return one copy to us.
Source: Item 23 — RECEIPTS (FDD pages 70–287)
What This Means (2025 FDD)
According to the 2025 Lees Famous Recipe Franchise Disclosure Document, the last two pages of the document serve as a detachable acknowledgment of receipt. A prospective franchisee is required to sign and date both pages as of the date they received the FDD. After signing and dating, the franchisee must return one copy of the acknowledgment to Lees Famous Recipe.
This acknowledgment confirms that the prospective franchisee has received the FDD, which is a crucial step in the franchise purchasing process. It helps ensure that franchisees have access to all the necessary information to make an informed decision.
Franchisors typically require this signed acknowledgment to demonstrate compliance with franchise disclosure laws, which are designed to protect potential franchisees. Failing to return the signed acknowledgment could potentially delay or complicate the franchise approval process with Lees Famous Recipe.