What is the effect of accepting Electronic Communications on the requirement to provide communications in a form that a Beverly Anns Cookie franchisee may keep?

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, consenting to receive Electronic Communications means a franchisee agrees to receive all Eagle Financial Services, Inc. related communications electronically. These Electronic Communications include any current and future notices and disclosures required by federal and state laws or regulations, as well as other documents, statements, data, records, and copies of loan documents.

By agreeing to electronic delivery, the franchisee acknowledges that Eagle Financial Services, Inc. will provide important legal and financial information related to the franchise via electronic means rather than traditional paper delivery. This includes items such as legal notices, required disclosures, financial statements, loan documents, and other records. The franchisee is responsible for ensuring they can access and retain these electronic communications.

This consent ensures that Beverly Anns Cookie and Eagle Financial Services, Inc. can efficiently deliver necessary information to the franchisee, potentially saving time and resources. However, it also places the onus on the franchisee to maintain adequate technology and security measures to receive, access, and store these important documents. Franchisees should carefully consider their ability to manage electronic records before providing consent.