In the context of the Beard Papas receipt, what acknowledgement is the individual making when signing the instrument before a notary?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| NOTARY SIGNATURE, SEAL AND INFORMATION: Onbefore me, the undersigned, personally appeared personally known to me or proven to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity/capacities, and that by his/her/their signature(s) on the instrument, the individual(s), or the person |
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| upon behalf of which the individual(s) acted, executed the instrument. |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the individual whose signature is on the instrument acknowledges before a notary that they executed the document in their stated capacity. Furthermore, they acknowledge that by signing, they are acting on behalf of the individual or entity represented in the document. This notarization serves as a formal verification of the signature and the signer's acknowledgement of their role and actions related to the instrument.
In simpler terms, the notary public is verifying that the person signing the document is who they claim to be and that they are signing it willingly and with full understanding of its contents and implications. This process adds a layer of legal validity to the document, making it more difficult to later dispute the authenticity of the signature or the signer's awareness of their actions.
For a prospective Beard Papas franchisee, this means that any documents requiring notarization must be signed in the presence of a qualified notary public, who will verify the franchisee's identity and witness their signature. This step is crucial for ensuring the legal enforceability of agreements and other important documents related to the franchise.