What is the purpose of the 'Name Print Name' field on the Beauty Bungalows Statement of Ownership?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
- This Release shall be governed by and construed pursuant to the laws of the State of California.
Print Name
(By our Signature above, we attest to this Agreement for stockholders, corporate and individually)
Source: Item 22 — CONTRACTS (FDD pages 47–48)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Agreement, the 'Print Name' field on the release is for attestation to the agreement by stockholders, corporate entities, and individuals. This indicates that all parties involved in the ownership of the franchise must acknowledge and agree to the terms of the release by signing and printing their names.
This requirement ensures that all stakeholders are aware of their obligations and responsibilities under the franchise agreement. By having each party print their name, Beauty Bungalows aims to create a clear record of who has agreed to the terms, reducing the potential for future disputes or misunderstandings. This practice is common in franchising to ensure accountability and transparency among all parties involved.
For a prospective Beauty Bungalows franchisee, this means that if the franchise is owned by multiple individuals or a corporate entity, each person or entity must sign the release. This requirement highlights the importance of thoroughly reviewing and understanding the franchise agreement before signing, as all parties will be held accountable for its terms. Franchisees should ensure that all owners or stakeholders are fully informed and in agreement before proceeding with the franchise.