Franchise Disclosure Documents Clause Samples

Franchise Disclosure Documents a. Schedule 12.a to the Agreement sets forth a complete list of all FDDs that are currently in use by the Company (the “Current FDDs”). b. Schedule 12.b to the Agreement sets forth a complete list of all FDDs, offering circulars and similar disclosure documents that were issued, disseminated or otherwise used by the Company since July 1, 2012 in connection with the offer and sale of a franchise (collectively with the Current FDDs, the “Historic FDDs”). c. Schedule 12.c sets forth accurately the current status of all U.S. state franchise registrations and filings. d. Since July 1, 2012, prior to the execution of any Franchise Agreement, the Company has timely delivered to each Franchisee a complete and accurate copy of the applicable Historic FDD in compliance with Franchise Laws, and has obtained executed receipts thereof from all such Franchisees. e. Since July 1, 2012, the Company’s Current and Historic FDDs are, and have been, in material compliance with Law, including the rules of the Federal Trade Commission and those states where the Company does business that require the registration or filing of franchise disclosure materials. Since July 1, 2012, the Company has not solicited potential franchisees in jurisdictions, or at times, when such solicitation was not permitted by Law.