Who must sign the acknowledgment form for the Afuri Ramen Dumpling franchise?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
All individuals who will sign the franchise agreement must sign this acknowledgment. If the franchise agreement will also be executed by a corporation or limited liability company, an officer or owner authorized to receive this disclosure document on behalf of the corporation or limited liability company must execute this acknowledgment. If the franchise agreement will be executed by a partnership, then all general partners must execute this acknowledgment as general partners and as individuals. KEEP THIS COPY FOR YOUR RECORDS.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, all individuals who will sign the franchise agreement must also sign the acknowledgment form. This requirement extends to various business structures that may be entering into the agreement. If a corporation or limited liability company is the franchisee, an officer or owner authorized to receive the disclosure document on behalf of the entity must sign the acknowledgment. Similarly, if a partnership is the franchisee, all general partners are required to sign, both as general partners and as individuals.
This requirement ensures that all parties involved in the franchise agreement are fully aware of the document's contents and their obligations. By having each individual or authorized representative sign the acknowledgment, Afuri Ramen Dumpling aims to confirm that the disclosure document has been received and understood by all relevant parties before the franchise agreement is finalized. This process helps to mitigate potential disputes or misunderstandings that may arise later in the franchise relationship.
For a prospective Afuri Ramen Dumpling franchisee, this means that careful attention must be paid to who the actual signatories of the franchise agreement will be. Whether it's individual owners, corporate officers, or general partners, each person who will be bound by the agreement must also sign the acknowledgment form. Failing to have the correct individuals sign could potentially delay or complicate the franchise approval process. It is also important to retain a copy of the acknowledgement for the franchisee's records.