What is Exhibit I in the Red Wagon Club disclosure document?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit A - Franchise Agreement Exhibit F - Form of General Release Exhibit B - Sublicense Agreement Exhibit G - Franchisee Lists Exhibit C - State Administrators / Agents for Service of Process Exhibit H - Statement Representations and Acknowledgment Exhibit D - Financial Statements Exhibit I - Receipts Exhibit Table of Contents of Operations Manual E
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2024 FDD)
According to the 2024 Red Wagon Club Franchise Disclosure Document, Exhibit I consists of Receipts. The disclosure document includes a receipt that the prospective franchisee must sign, acknowledging they received the FDD. This receipt confirms the franchisee received the disclosure document and its included exhibits.
The FDD states that the Red Wagon Club Franchise, LLC must provide the disclosure document to the franchisee 14 calendar days before signing a binding agreement or making a payment. This allows the prospective franchisee time to carefully review the document and seek professional advice.
The franchisee must sign the receipt, print the date on which they received the disclosure document, and return it to Red Wagon Club Franchise, LLC by mail or email. This signed receipt serves as proof that Red Wagon Club complied with the mandatory disclosure requirements, protecting both the franchisor and franchisee.