Can a Beverly Anns Cookie franchisee cancel the loan once it has been accepted?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
der the laws of the State of Kentucky without regard to its conflict of laws principles. This AFR Agreement may not be modified without the written consent of both parties
"Us" Mobile Cookie Company, LLC Its: "You" (Your Franchise Entity Name) Your Title:
EXHIBIT H-6
BEVERLY ANN'S COFFEE FRANCHISE
PROMISSORY NOTE - EAGLE FINANCIAL SERVICES, INC.
EAGLE FINANCIAL SERVICES, INC. CONSENT AND NOTICE REGARDING ELECTRONIC COMMUNICATIONS
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- Electronic Signature Agreement. By selecting the "I Accept" button, you are signing this Agreement electronically.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
The 2025 Beverly Ann's Cookies Franchise Disclosure Document includes Exhibit H-6, titled "Promissory Note - Eagle Financial Services, Inc." and "Eagle Financial Services, Inc. Consent and Notice Regarding Electronic Communications". This exhibit indicates that Eagle Financial Services, Inc. is a potential lender for franchisees.
The document states that by selecting "I Accept", the franchisee is signing the agreement electronically and that this electronic signature is the legal equivalent of a manual signature. It also states that by selecting "I Accept" the franchisee consents to be legally bound by the agreement's terms and conditions.
While the FDD confirms the use of electronic signatures and agreements with Eagle Financial Services, Inc., it does not specify the conditions under which a franchisee can cancel a loan once it has been accepted. The franchisee should consult the specific terms and conditions within the loan agreement with Eagle Financial Services, Inc. to understand cancellation policies, potential penalties, and any applicable rescission periods.