factual

What is the All States M.E.D. franchisee's obligation regarding the execution of the agreement by its duly authorized officer?

All_States_M_E_D Franchise · 2024 FDD

Answer from 2024 FDD Document

IN WITNESS WHEREOF, Franchisee has hereunto caused this Agreement to be executed by its duly authorized officer, and Individual has executed this Agreement, all being done in duplicate originals with one (1) original being delivered to each party as of the day and year first above written.

Source: Item 23 — RECEIPTS (FDD pages 44–174)

What This Means (2024 FDD)

According to the 2024 All States M.E.D. Franchise Disclosure Document, the franchisee must ensure that the Franchise Agreement is executed by its duly authorized officer. This signifies that the franchisee, acting through its authorized representative, formally enters into the agreement with All States M.E.D. Franchising, LLC. The agreement is made in duplicate originals, with each party receiving one original copy. This requirement ensures that the franchisee is fully aware of and agrees to the obligations outlined in the Franchise Agreement.

Furthermore, the individual signing on behalf of the franchisee certifies that they have carefully read the agreement, understand its obligations, and accept them without reservation. This certification emphasizes the importance of due diligence and comprehension before entering into the franchise agreement. It also confirms that no external promises or representations have influenced their decision to sign the agreement.

The document also specifies that the company (presumably All States M.E.D. Franchising, LLC) is a third-party beneficiary to the agreement and has the right to enforce it, even without the franchisee's cooperation. Additionally, any modifications or amendments to the agreement require the written consent of the company, ensuring that the terms remain consistent and enforceable. This arrangement protects All States M.E.D.'s interests and maintains the integrity of the franchise system.

In essence, this clause ensures that the franchisee acknowledges and commits to the terms of the agreement through proper execution by an authorized officer, thereby establishing a clear and legally binding relationship between the franchisee and All States M.E.D.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.