Can the 'ACKNOWLEDGEMENT OF PRINCIPAL' section of the Alloy franchise agreement be completed electronically?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Schedule E to the Franchise Agreement
ACKNOWLEDGMENT ADDENDUM TO ALLOY FRANCHISE AGREEMENT
THIS ACKNOWLEDGEMENT ADDENDUM DOES NOT APPLY TO CANDIDATES LOCATED IN OR BUSINESSES TO BE LOCATED IN ANY OF THE FOLLOWING FRANCHISE REGISTRATION STATES: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI.
As you know, you and we are entering into a Franchise Agreement for the operation of an ALLOY franchise. Please review each of the following questions carefully and provide honest responses to each question.
**Acknowledgments and Representations
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 Alloy Franchise Disclosure Document, there is an Acknowledgment Addendum to the Alloy Franchise Agreement. However, this addendum specifically does not apply to candidates or businesses located in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin.
The addendum requires franchisees to carefully review and honestly respond to a series of questions, signifying their understanding of the franchise agreement. The document states that by signing the addendum, the franchisee acknowledges that they have read and understood the addendum and consents to be bound by its terms.
The Alloy FDD does not specify whether this addendum, or the franchise agreement in general, can be completed or signed electronically. A prospective franchisee should clarify with Alloy whether electronic signatures are acceptable for the Acknowledgment Addendum and the Franchise Agreement, and if there are any specific platforms or procedures required for electronic completion and submission.