Who is required to sign the receipt for the Bevaris Alliance Franchise Disclosure Document?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| Beverly Hills, CA 90210. |
|---|
| Issuance Date:, 2021 (with the effective dates in franchise registration states as noted on page 3 of this Franchise Disclosure Document). |
| We authorize the respective state agencies identified on $\underline{\text{Exhibit C}}$ to receive service of process for Bevaris Alliance Franchise System, LLC in the particular state. |
| I have received a Franchise Disclosure Document dated that includes the following Exhibits: |
| A Franchise Agreement B Financial Statements C List of State Agencies; Agent for Service of Process D State Addendums Date: |
| Franchisee Name |
| By |
| Its: |
| WITNESS: |
| (Date, Sign and Keep for Your Records and Our Records) |
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, the franchisee is required to sign the receipt acknowledging they received the FDD. The receipt serves as proof that the prospective franchisee received the document, which includes important information about the Bevaris Alliance franchise opportunity.
The receipt includes fields for the franchisee's name, the date of receipt, and a signature line. By signing, the franchisee acknowledges they have received the FDD and its exhibits, such as the Franchise Agreement, Financial Statements, List of State Agencies, and State Addendums. The franchisee is instructed to keep a copy of the signed receipt for their records, and Bevaris Alliance also retains a copy.
This receipt is a standard practice in franchising, ensuring that franchisors can demonstrate they have provided potential franchisees with the required disclosure information. This helps protect both parties by documenting that the franchisee had access to critical details before entering into the franchise agreement with Bevaris Alliance. The receipt also helps Bevaris Alliance comply with franchise regulations.