Receipt of FDD Form

Receipt of FDD Form

Drafts an execution-ready FDD Receipt establishing an evidentiary record of 14-day delivery compliance for regulatory audits, state examinations, or litigation.

Prerequisites

Collect before drafting:

1. Franchisor — legal entity name and principal address as on FDD cover page
2. Franchisee — full legal name (individual or entity), address, contact info; if entity: formation state and authorized signer
3. FDD details — issuance date, version/amendment designations, state registration numbers if applicable
4. Exhibit inventory — all exhibits, attachments, addenda, and ancillary agreements delivered with the FDD
5. Jurisdiction — whether registration states apply (CA, NY, IL, MD, MN, VA, WA, WI, etc.) requiring additional acknowledgment language

Document Sections

Acknowledgment Checklist

Franchisee attestation must confirm:

• Received complete FDD including all exhibits, FPRs (if any), and state addenda on [spelled-out date]
• Understands 14-calendar-day waiting period before signing or paying (except permitted escrow under § 436)
• Afforded opportunity to consult legal counsel, accountants, and advisors
• No oral or written representations contradict or supplement the FDD
• If Item 19 FPR exists: Received and reviewed FPRs; understands their limitations
• If no Item 19 FPR: Understands franchisor made no earnings claims; will not rely on unauthorized claims

Signature Blocks

FRANCHISEE:
Signature: ________________________
Printed Name: _____________________
Title (if entity): ________________
Date: _____________________________

FRANCHISOR: [Legal Entity Name]
Signature: ________________________
Printed Name: _____________________
Title: _____________________________
Date: _____________________________

Include counterpart execution clause and E-SIGN Act / UETA electronic signature authorization if applicable.

Pitfalls and Checks

• Date format — always spell out the month ("January 15, 2025"); never numeric-only
• Entity signers — distinguish "individually" vs. "as [Title] of [Entity Name]"
• Registration states — add state-specific addenda acknowledgment for CA, NY, IL, MD, MN, VA, WA, WI; check uploaded documents for applicable states
• Exhibit completeness — cross-reference FDD table of contents to verify exhibit list is exhaustive
• Minimal placeholders — insert transaction data from uploaded documents; bracket only genuinely unknown fields
• State timing mandates — 16 C.F.R. § 436 governs federal requirements; always check for additional state-level timing or content rules