What documents must a transferee of an Afuri Ramen Dumpling franchise execute?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Instructions for signatures (above) for "Franchisee" and "Transferee": If you are a corporation, limited liability company or other business entity, then this Agreement should be signed by a company officer or owner authorized to sign on behalf of the company. Additionally, this Agreement must be signed by all officers and owners of the company as individuals.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
The 2024 Afuri Ramen Dumpling Franchise Disclosure Document provides instructions for signatures for the franchisee and transferee. If the franchisee or transferee is a corporation, limited liability company, or other business entity, then a company officer or owner authorized to sign on behalf of the company must sign the agreement. Additionally, all officers and owners of the company must sign the agreement as individuals.
This requirement ensures that individuals with authority within the business entity acknowledge and agree to the terms of the franchise agreement. It also holds the officers and owners personally accountable, providing an additional layer of security for Afuri Ramen Dumpling.
Prospective Afuri Ramen Dumpling franchisees should carefully review these signature requirements with their legal counsel to ensure full compliance and understanding of their obligations, especially if they plan to operate the franchise through a business entity.