What is the All States M.E.D. franchisee's obligation regarding the signature of the individual?

According to the 2024 All States M.E.D. Franchise Disclosure Document, the franchisee must sign and print their name on the receipt, and then date and return a copy of the receipt to All States M.E.D. Franchising, LLC, while keeping the other copy for their own records. This acknowledges that the franchisee has received the Franchise Disclosure Document (FDD) and its exhibits. The signature can be provided individually or as an officer, member, or partner of a corporation, LLC, or partnership, specifying the state of incorporation.

In addition to the franchisee's signature on the receipt, the document includes a section for personal guarantors. This section requires the printed name, signature, home address, telephone number, and percentage of ownership in the franchise for each personal guarantor. This information is related to Schedule 3, which covers the Unlimited Guaranty and Assumption of Obligations. This indicates that personal guarantees are a standard part of the All States M.E.D. franchise agreement, ensuring that individuals with ownership stakes are personally liable for the franchise's obligations.

The inclusion of signature requirements for both the franchisee and any personal guarantors highlights the legal importance of these documents. The receipt confirms the franchisee's acknowledgment of receiving the FDD, while the personal guarantor section ensures that those with a vested interest in the franchise are aware of and agree to their financial and operational responsibilities. This is a common practice in franchising to protect the franchisor and ensure the franchisee's commitment to the agreement.