Are faxed, scanned, or electronic signatures considered valid for the Bft franchise agreement?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement, the documents referred to herein, and the exhibits hereto, constitute the entire and only agreement between the Parties concerning the granting, awarding and licensing of Franchisee as an authorized BFT Studio franchisee at the Studio location, and supersede all prior and contemporaneous agreements. There are no representations, inducements, promises, agreements, arrangements or undertakings, oral or written, between the Parties other than those set forth herein. Except for those permitted to be made unilaterally by Franchisor hereunder, no amendment, change or variance from this Agreement shall be binding on either Party unless mutually agreed to by the Parties and executed by their authorized officers or agents in writing. This Agreement does not alter agreements between Franchisor and Franchisee for other locations. Nothing in this Agreement or in any related agreement, however, is intended to disclaim the representations Franchisor made in the FDD that Franchisor furnished to Franchisee. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Faxed, scanned or electronic signatures shall have the same effect and validity, and may be relied upon in the same manner, as original signatures.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, faxed, scanned, or electronic signatures are considered valid for the franchise agreement. The document states that these types of signatures have the same effect, validity, and can be relied upon in the same manner as original signatures. This allows for a more streamlined and efficient process when executing the Bft Franchise Agreement.
This clause simplifies the signing process, allowing franchisees and Bft to finalize agreements remotely without needing to physically meet or mail documents. It reduces delays and costs associated with traditional signature methods. Prospective franchisees can sign and return the agreement more quickly, which can be particularly beneficial when securing a location or meeting deadlines.
It is important for franchisees to ensure that they have the necessary technology and security measures in place to use electronic signatures safely. While Bft accepts these signatures, franchisees should verify that their own systems comply with any applicable laws or regulations regarding electronic transactions to avoid potential legal issues.