In the Buildingstars franchise agreement, what information regarding the franchisee is required in the signature block?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, each of the undersigned has hereunto affixed their signatures on the same day and year as the Agreement was executed.
Print Name: Ownership % Address: Print Name: Ownership % Address: Print Name: Ownership % Address:
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, the signature block of the franchise agreement requires the franchisee to print their name, list their ownership percentage, and provide their address. This information is needed to clearly identify and contact the franchisee, as well as to understand their stake in the business. If there are multiple franchisees, this information would be required for each individual.
This requirement is standard practice in franchise agreements to ensure clarity and legal accountability. The inclusion of the ownership percentage is particularly important when the franchise is owned by multiple parties, as it defines each party's share of the business and its associated liabilities. The address is crucial for official communication and legal notices.
Prospective Buildingstars franchisees should be prepared to provide this information accurately and completely when signing the franchise agreement. Any discrepancies or changes in this information should be promptly communicated to Buildingstars to maintain accurate records and ensure compliance with the agreement.