Who is required to complete the notary public section of the Alloy surety bond?

According to Alloy's 2025 Franchise Disclosure Document, the notary public section of the surety bond must be completed by a notary public for both the principal and the surety. This means that a certified notary public must verify the signatures and identities of the individuals representing both Alloy (the principal in this case) and the bonding company (the surety).

This requirement ensures that the signatures on the surety bond are authentic and legally binding. The notary public acts as an impartial witness, confirming that the individuals signing the document are who they claim to be and that they are signing voluntarily. This step is crucial for the validity and enforceability of the surety bond.

For a prospective Alloy franchisee, this means that when dealing with surety bonds, they should ensure that all required signatures are properly notarized. This may involve coordinating with both Alloy and the surety company to arrange for the notarization process. Failing to properly notarize the document could potentially lead to legal complications or invalidate the bond.

It is important to note that the specific requirements for notarization may vary depending on the state and the specific terms of the surety bond. Therefore, franchisees should carefully review the bond documents and consult with legal counsel if they have any questions or concerns about the notarization process.