When does the loan agreement for Beverly Anns Cookie become effective?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
Electronic Signature Agreement.
By selecting the "I Accept" button, you are signing this Agreement electronically.
You agree your electronic signature is the legal equivalent of your manual signature on this Agreement.
By selecting "I Accept" you consent to be legally bound by this Agreement's terms and conditions.
You further agree that your use of a key pad, mouse or other device to select an item, button, icon or similar act/action, or to otherwise provide, or in accessing or making any transaction regarding any agreement, acknowledgement, consent terms, disclosures or conditions constitutes your signature (hereafter referred to as "E-Signature"), acceptance and agreement as if actually signed by you in writing.
You also agree that no certification authority or other third party verification is necessary to validate your E-Signature and that the lack of such certification or third party verification will not in any way affect the enforceability of your E-Signature or any resulting contract between you and Eagle Financial Services, Inc.
You further agree that each use of your E-Signature in obtaining Eagle Financial Services, Inc's online service(s) constitutes your agreement to be bound by the terms and conditions thereof.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the Promissory Note with Eagle Financial Services, Inc. becomes effective when the franchisee selects the "I Accept" button, which signifies their electronic signature. This electronic signature is considered the legal equivalent of a manual signature, binding the franchisee to the agreement's terms and conditions.
By selecting "I Accept", the franchisee consents to be legally bound by the agreement. This includes using a keypad, mouse, or other device to indicate acceptance, which constitutes their signature. This agreement is treated as if it were physically signed.
The franchisee also agrees that no third-party verification is needed to validate their electronic signature. The absence of such verification does not affect the enforceability of the signature or the resulting contract with Eagle Financial Services, Inc. Each use of the electronic signature to obtain online services from Eagle Financial Services, Inc. confirms the franchisee's agreement to the terms and conditions.