For the Beard Papas receipt acknowledgment, are both the printed name and signature of the owner/spouse required?

According to the 2025 Beard Papas Franchise Disclosure Document, the receipt acknowledgment requires both the signature and printed name of the owner/spouse. Specifically, Exhibit K includes a section for the owner and spouse to sign, print their name, and date the document. There are spaces for two owners/spouses to sign and print their names, suggesting that if there are multiple owners or if the owner is married, both signatures are required.

This requirement ensures that all parties involved acknowledge the terms and conditions outlined in the franchise agreement. By requiring both a signature and a printed name, Beard Papas aims to verify the identity of the person signing the document and prevent any potential disputes regarding the authenticity of the signature. This is a standard practice in franchising to ensure that all owners and their spouses are fully aware of their obligations and responsibilities under the franchise agreement.

Prospective franchisees should be aware that this requirement is not merely a formality. It is a legally binding acknowledgment that can have significant implications for their franchise operations. Therefore, it is crucial for all owners and their spouses to carefully review the franchise agreement and related documents before signing the receipt acknowledgment. Franchisees should consult with an attorney or financial advisor to fully understand the terms of the agreement and their obligations as a Beard Papas franchisee.