In New York, when must Potbelly Sandwich Works provide the disclosure document?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
Source: Item 22 — CONTRACTS (FDD page 79)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, in New York, the disclosure document must be provided to prospective franchisees at the earlier of two occurrences. These are the first personal meeting with the potential franchisee, or 10 business days before the execution of the franchise or any other agreement, or before any payment of consideration related to the franchise relationship.
This regulation ensures that potential franchisees in New York have adequate time to review the FDD and seek professional advice before making any binding commitments or payments to Potbelly Sandwich Works. The "first personal meeting" trigger is designed to prevent franchisors from delaying disclosure until the last possible moment, ensuring that franchisees have key information from the outset of discussions.
It is important for prospective Potbelly Sandwich Works franchisees in New York to carefully note these timelines and ensure they receive the FDD in a timely manner. Failure by Potbelly Sandwich Works to provide the FDD within the stipulated timeframe could constitute a violation of state law.