What is the latest point at which Mrcool must provide the Franchise Disclosure Document to a prospective franchisee in New York?

According to Mrcool's 2025 Franchise Disclosure Document, New York franchise law stipulates that Mrcool must provide the Franchise Disclosure Document (FDD) to a prospective franchisee at the earlier of two deadlines. The first deadline is the first personal meeting between Mrcool and the prospective franchisee. The second deadline is 10 business days before the execution of the franchise or other agreements, or the payment of any consideration related to the franchise relationship. This means Mrcool must ensure the prospective franchisee receives the FDD well in advance of any commitment or financial transaction.

This regulation is designed to protect potential franchisees by ensuring they have adequate time to review the FDD and seek professional advice before making any binding decisions or payments. The "first personal meeting" trigger is particularly important, as it prevents Mrcool from delaying disclosure until the last possible moment. The 10-business-day rule provides a specific timeframe for review, regardless of when the initial meeting occurs.

For a prospective Mrcool franchisee in New York, this means they should expect to receive the FDD at the very beginning of their engagement with Mrcool, ideally during or before the first in-person meeting. They should carefully note the date they receive the FDD and ensure they have at least 10 business days to review it before signing any agreements or making any payments. This timeframe allows them to conduct thorough due diligence, consult with legal and financial advisors, and make an informed decision about investing in a Mrcool franchise. Failure by Mrcool to provide the FDD within these timeframes could constitute a violation of state law, giving the franchisee potential legal recourse.