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Does the Mrcool Franchise Disclosure Document include a copy of the Franchise Agreement?

Mrcool Franchise · 2025 FDD

Answer from 2025 FDD Document

This Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this Disclosure Document and all the agreements carefully.

THIS DISCLOSURE DOCUMENT CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT AND THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR A STATEMENT OF ALL RIGHTS, CONDITIONS, RESTRICTIONS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.

Source: Item 23 — RECEIPTS (FDD pages 55–263)

What This Means (2025 FDD)

The 2025 Mrcool Franchise Disclosure Document (FDD) does not explicitly state that a full copy of the Franchise Agreement is included within the FDD itself. However, several excerpts imply that the Franchise Agreement is a separate document that prospective franchisees should review carefully.

Specifically, the FDD highlights the importance of reading "all the agreements carefully," suggesting that the Franchise Agreement is provided alongside the FDD. The Hawaii FDD Amendment states that a copy of the disclosure document should be provided together with a copy of all proposed agreements relating to the sale of the franchise. Additionally, the document mentions that it "CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT and the contract or agreement should be referred to for a statement of all rights, conditions, restrictions and obligations of both the Franchisor and the Franchisee."

While the FDD summarizes key aspects of the Franchise Agreement, it is crucial for potential Mrcool franchisees to obtain and thoroughly review the complete Franchise Agreement. This review should be done in consultation with a qualified legal professional to fully understand the franchisee's rights, obligations, and the overall terms of the franchise relationship. The FDD also mentions that the agreement includes schedules and exhibits, further emphasizing the importance of examining the entire document.

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.