Who must sign the Amorino Area Development Agreement for it to be binding on the company?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
The submission of this Agreement does not constitute an offer and this Agreement shall become effective only upon the execution thereof by Company and Area Developer. THIS AGREEMENT SHALL NOT BE BINDING ON COMPANY UNLESS AND UNTIL IT SHALL HAVE BEEN ACCEPTED AND SIGNED BY THE PRESIDENT OF COMPANY.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the Area Development Agreement is not binding on Amorino unless it has been accepted and signed by the President of the company. The submission of the agreement itself does not constitute an offer. The agreement becomes effective only upon execution by both Amorino and the Area Developer.
This requirement ensures that a high-level executive at Amorino has formally approved the agreement, adding a layer of security and accountability. It also protects Amorino from being bound by agreements that have not been properly vetted and authorized by its leadership.
For a prospective Area Developer, this means the agreement is not final until the President of Amorino signs it. The Area Developer should confirm that the agreement has been fully executed by Amorino's President to ensure its validity and enforceability.