In the Afuri Ramen Dumpling agreement, what is the required title of the individual signing on behalf of the company?

According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, if the franchisee is a corporation, limited liability company, or other entity, the agreement must be signed by a company officer or owner authorized to sign on behalf of the company. Additionally, the agreement must be signed by all officers and owners of the company as individuals. This ensures that the franchisor, Afuri Ramen Dumpling, has recourse to the personal assets of the business owners should the franchise default on its obligations.

This requirement is fairly standard in the franchise industry, as franchisors typically want assurance that the individuals behind a business entity are fully committed to the franchise and are willing to be held personally accountable. By requiring all officers and owners to sign, Afuri Ramen Dumpling aims to prevent situations where individuals might try to shield themselves from liability through the corporate structure.

Prospective Afuri Ramen Dumpling franchisees should be aware of this requirement and ensure that all relevant parties are prepared to sign the agreement in their individual capacities. This may involve consulting with legal counsel to fully understand the implications of personal guarantees and other clauses within the franchise agreement. Franchisees should also consider this requirement when structuring their business entity, as it may influence decisions about ownership and management roles.