How can the Bumble Roofing note and its amendments be executed?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ghts, remedies, or powers provided by law.
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- If any term or provision of this Note is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Note or render such term or provision invalid or unenforceable in any other jurisdiction.
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- This Note and any amendments, waivers, consents, or supplements hereto may be executed in counterparts, each of which shall constitute an original, but all of which taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page to this Note by facsimile or in electronic ("pdf" or "tif" or any other electronic means that reproduces an image of the actual executed signature page) format shall be as effective as delivery of a manually executed counterpart of this Note.
Source: Item 23 — RECEIPT (FDD pages 53–188)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the promissory note and any amendments, waivers, consents, or supplements related to it can be executed in counterparts, meaning that separate copies can be signed, and when combined, they form a single agreement. This allows for easier distribution and signing by multiple parties who may be in different locations.
Furthermore, the document clarifies that electronic and digital signatures are considered valid. Specifically, delivering a signature page via facsimile or in electronic format (such as PDF or TIF) is as effective as delivering a manually executed counterpart. This provision aligns with laws like the Electronic Signatures in Global and National Commerce Act and the Electronic Signatures and Records Act, ensuring that electronic signatures have the same legal standing as traditional signatures.
This flexibility in execution provides convenience for both Bumble Roofing and its franchisees. It streamlines the process of signing and delivering important documents, reducing the time and resources required for completing legal agreements. Franchisees should ensure they understand the technology and legal requirements for using electronic signatures to maintain the validity of these documents.