Does this section of the Aunt Millies Bakeries FDD mention any electronic signatures for the Aunt Millies Bakeries FDD receipt?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
PERFECTION BAKERIES, INC. (DISTRIBUTOR'S CORP)
By:___________________________ By:___________________________ President President
Exhibit F Buy Back Agreement
PERFECTION BAKERIES, INC. BUY BACK AGREEMENT
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
The 2025 Aunt Millies Bakeries Franchise Disclosure Document includes several exhibits and agreements that require signatures. Specifically, Exhibit F, the Buy Back Agreement, and Exhibit H(1), the Perfection Bakeries, Inc. Security Agreement, both contain signature lines for representatives of Perfection Bakeries, Inc. and the distributor. Additionally, Exhibit G, the Computer Equipment Use Agreement, also requires signatures from both Aunt Millie's and the distributor. However, none of these exhibits explicitly state whether electronic signatures are permitted. Instead, they simply provide signature lines for manual signatures.
Given the absence of explicit permission for electronic signatures, prospective Aunt Millies Bakeries franchisees should clarify with the franchisor whether electronic signatures are acceptable for these agreements. This is particularly important in today's business environment, where electronic signatures are becoming increasingly common and can streamline the signing process. Understanding the franchisor's policy on electronic signatures will help franchisees ensure they comply with all requirements and avoid potential delays or complications in the execution of these important documents.
In summary, while the Aunt Millies Bakeries FDD includes agreements that require signatures, it does not specify whether electronic signatures are permitted. Therefore, it is essential for potential franchisees to seek clarification from the franchisor regarding their acceptance of electronic signatures to ensure compliance and efficiency in the agreement execution process.