What is the issuance date of the Spray Net Franchise Disclosure Document referenced in this receipt?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: April 21, 2025
I have received a Franchise Disclosure Document with an Issuance Date of April 21, 2025, which contained the following Exhibits:
A: Franchise Agreement B: Operations Manual Table of Contents C: Financial Statements D: List of State Administrators E: List of Agents for Service of Process F: State Specific Addenda G: List of Franchises H: List of Former Franchisees I: Sample Release Agreement J: State Effective Dates
K: Receipts
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the issuance date of the document is April 21, 2025. This date is important because it signifies the starting point for the legally mandated review period a prospective franchisee must undertake before committing to the franchise.
Spray Net is obligated to provide the Franchise Disclosure Document (FDD) to potential franchisees at least 14 calendar days before they sign any binding agreements or make any payments related to the franchise. However, certain states like New York, Rhode Island, Michigan, Oregon, and Wisconsin have specific regulations that may require earlier disclosure, such as at the first personal meeting or ten business days before signing any agreement or making a payment, whichever comes first.
It is important for the prospective franchisee to verify that the issuance date on the FDD they receive matches the one stated in the receipt. If Spray Net does not deliver the disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission and the State Administrator.