What information is captured on the Auntie Annes Schedule A signature page?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
Signature Page for Schedule A (Franchise Specific Terms)
Auntie Anne's Franchisor SPV LLC «Z1_First_Name»: «Z1_Last_Name» By: Name: Title: Date: By: Name: «Signee_1_name» «Z1_State_of_Formation» Title: «Signee_1_title» «Z1_State_of_Formation» Date: L.S. Name: «Signee_2_name» Title: «Signee_2_title» L.S. Name: «Signee_3_name» Title: «Signee_3_title»
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to the 2024 Auntie Annes FDD, the Schedule A signature page captures specific details related to the franchise agreement. This includes the names, titles, and dates of the signing parties, representing both Auntie Anne's Franchisor SPV LLC and the franchisee. The franchisee's name, state of formation, and potentially the entity type are also recorded on this page. There are signature lines for multiple signees, allowing for situations where the franchisee is a multi-person entity.
This signature page serves as a formal acknowledgment and agreement to the franchise-specific terms outlined in Schedule A. By signing, both Auntie Annes and the franchisee confirm their understanding and acceptance of these terms, which are integral to the overall Franchise Agreement. This process ensures that all parties are legally bound to the conditions and obligations detailed within Schedule A.
Prospective franchisees should carefully review all information on Schedule A and its signature page before signing. It is important to ensure that all details are accurate and that they fully understand the implications of the terms they are agreeing to. Seeking legal counsel to review these documents is a prudent step to protect their interests and ensure a clear understanding of their obligations under the franchise agreement.