What limitation is placed on the acts of those named in the Power of Attorney related to the Alloy franchise?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
To verify the authenticity of this Power of Attorney, please contact Arch Insurance Company at SuretyAuthentic@archinsurance.com Please refer to the above named Attorney-in-Fact and the details of the bond to which the power is attached.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 Alloy FDD excerpts, there is information regarding a Power of Attorney, specifically related to verifying its authenticity. The FDD mentions contacting Arch Insurance Company to verify the authenticity of the Power of Attorney. To do so, one must refer to the Attorney-in-Fact named and the details of the bond to which the power is attached.
However, the provided excerpts do not specify the limitations placed on the acts of those named in the Power of Attorney. The excerpts focus on how to verify the authenticity of the document rather than detailing what actions the attorney-in-fact is authorized or restricted from performing.
A prospective Alloy franchisee should ask the franchisor for a complete copy of the Power of Attorney document and clarification on the specific limitations and scope of authority granted to the attorney-in-fact. This will help the franchisee understand the legal and financial implications of the document and ensure compliance with all requirements.