Where in the Management Recruiters Franchise Disclosure Document can the acknowledgement of receipt be found?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPTS]
Exhibit J – Receipts
Please return signed receipt to:
HQ MRI Corporation, 111 Springhall Drive, Goose Creek, SC 29445; Kelly Evans, ktevans@hirequest.com
RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If MRI offers you a franchise, it must provide this Disclosure Document to you 14 calendar‐days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. New York law requires a franchisor to provide the Franchise Disclosure Document at the earliest 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.
If MRI does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and to your state authority listed on Exhibit I.
Source: Item 23 — RECEIPTS (FDD pages 67–327)
What This Means (2024 FDD)
According to the 2024 Management Recruiters Franchise Disclosure Document, the acknowledgement of receipt can be found in Exhibit J, titled "Receipts." This exhibit is designed to confirm that the prospective franchisee has received and reviewed the Franchise Disclosure Document (FDD).
Exhibit J includes a receipt form that the franchisee must sign and return to Management Recruiters. This receipt verifies that the franchisee received the FDD at least 14 calendar days before signing any binding agreements or making any payments related to the franchise. This waiting period is mandated by federal law to ensure franchisees have adequate time to consider the investment opportunity and seek professional advice.
The receipt includes spaces for the date the document was received, the franchisee's signature, printed name, and legal residence address. Returning the signed receipt to Management Recruiters confirms compliance with disclosure requirements and acknowledges the franchisee's awareness of their rights and obligations. The document also states that if the FDD was not delivered on time, contains false or misleading statements, or has material omissions, it should be reported to the Federal Trade Commission and the state authority listed in Exhibit I.