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Use the prescribed receipt
Item 23 requires two copies of the prescribed detachable acknowledgement as the last pages of the FDD. A homemade “information received” statement is not a substitute.
The receipt identifies the issuance date, exhibit titles and relevant franchise sellers’ names, principal business addresses and telephone numbers. It also addresses the registered agent’s name/address if not already disclosed as the rule specifies. It includes space for the prospective franchisee’s signature and date; return instructions are optional.
Match it to what was delivered
If two dated FDD files have circulated, establish the actual recipient, delivery date, document version and attachments. A signed receipt does not prove that a different version or omitted exhibit was supplied.
Check agreement/payment timing separately under applicable federal and state requirements. Preserve uncertain delivery facts until resolved rather than changing a date to fit the intended signing.
Scope
- This explains the selected federal disclosure item. State and territorial requirements and the terms of the particular offer remain separate.
Next step
Match the prescribed receipt to the actual delivered FDD and exhibits, then check the independent signing and payment timetable.
Sources & review notes
Federal Franchise Rule
FTC overview · Compliance Guide · Guide PDF · Current regulation
Federal Trade Commission
Passage, dates and research notes
primary · Item 23: Receipts
Include two copies of the following detachable acknowledgment of receipt
Current substantive item read in full from current eCFR. This guide explains selected management implications; it is not a substitute for all prescribed disclosure text.
Federal Trade Commission
Passage, dates and research notes
primary · section-436.6
Respond fully to each disclosure Item.
Current eCFR displayed through 2026-11-09; eCFR is authoritative but not the official legal edition.
Detailed rule records (1)
Item 23 prescribes detachable acknowledgment receipts and specified information, including document date and exhibits. A receipt helps document delivery; it is not governmental approval, proof of a complete legal review or a waiver of the prospect’s rights.
16 CFR §436.5(w): FDD Item 23Keep this reading in your learning library.
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