Where should the recipient of the Management Recruiters Disclosure Document provide their legal residence address on the receipt?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 111 Springhall Drive, Goose Creek, SC 29445, (843)723‐7400. | ||
|---|---|---|
| Issuance Date: May 16, 2024 | ||
| service of process for it in the particular state. I received a Disclosure Document dated May 16, 2024 that included the following Exhibits: EXHIBIT | Management Recruiters International, Inc. authorized the respective state agencies identified in Exhibit I to receive | |
| A: | Management Recruiters Franchise Agreement and Exhibits | |
| EXHIBIT B: | Operations Materials Table of | |
| Contents | ||
| EXHIBIT C1: | MRI Outlets as of December 31, 2023 | |
| EXHIBIT C2: | Former MRI Outlets for the period January 1, 2023 through December 31, 2023 | |
| EXHIBIT D: | MRINetwork Code of Conduct | |
| EXHIBIT E: | Sample Release Language | |
| EXHIBIT F: | Financial Statements | |
| EXHIBIT G: | Agentsfor Service of Process | |
| EXHIBIT H: | State Addenda | |
| EXHIBIT I: | State Effective Dates | |
| EXHIBIT J: | Receipts | |
| DATE RECEIVED: | (Signature of recipient) (Printed name of recipient) | |
| Legal residence address |
Source: Item 23 — RECEIPTS (FDD pages 67–327)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the recipient of the disclosure document should provide their legal residence address on the receipt included as Exhibit J. The receipt also requires the recipient's signature and printed name. This signed receipt must be returned to HQ MRI Corporation at 111 Springhall Drive, Goose Creek, SC 29445, to the attention of Kelly Evans, or via email to ktevans@hirequest.com.
Management Recruiters requires this receipt to confirm that the prospective franchisee received the Franchise Disclosure Document, which summarizes the franchise agreement's provisions and other important information. Federal and state laws mandate that franchisors provide this document to potential franchisees within a specific timeframe before any binding agreements are signed or payments are made. For instance, Management Recruiters must provide the Disclosure Document 14 calendar days before signing an agreement or accepting payment. New York law has a slightly different requirement of providing the document at the first personal meeting or ten business days before signing any agreement or payment.
The purpose of these requirements is to ensure that franchisees have adequate time to review the Disclosure Document and seek legal or financial advice before committing to the franchise. If Management Recruiters fails to deliver the document on time, or if it contains false or misleading statements, it could be a violation of federal and state laws. In such cases, the recipient is advised to report the issue to the Federal Trade Commission and their state authority, as listed in Exhibit I of the Disclosure Document.
By signing the receipt and providing their legal residence address, the recipient acknowledges they have received the Disclosure Document and are aware of their rights. This receipt serves as proof of compliance for Management Recruiters and protects the franchisee by documenting the delivery of essential information.