In the Buildingstars franchise agreement, what information is required for the Franchisee's 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: Date: 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' 2025 Franchise Disclosure Document, the signature block for the Guaranty and Assumption of Obligations section of the franchise agreement requires the guarantor to print their name, list their ownership percentage, and provide their address. This information is collected to ensure that the guarantor is fully aware of their obligations and to provide Buildingstars with the necessary contact information. If there are multiple guarantors, each must provide this information.
This requirement is a standard practice in franchising, as it ensures that all parties involved in the agreement are clearly identified and accountable for their commitments. The inclusion of the ownership percentage is particularly important, as it helps Buildingstars understand the extent of each guarantor's stake in the franchise. The address is necessary for legal and communication purposes.
Prospective Buildingstars franchisees should be prepared to provide this information for themselves and any guarantors involved in their franchise agreement. It is important to review the Guaranty and Assumption of Obligations section carefully to understand the full extent of the guarantor's responsibilities. Franchisees should also ensure that all information provided in the signature block is accurate and up-to-date.