Does the Buns On Fire FDD specify who holds the Power of Attorney?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
Based on the 2025 Buns On Fire Franchise Disclosure Document, Exhibit N includes the text 'IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on'. However, the document does not specify who the 'undersigned' is.
Without further clarification, it is unclear whether this refers to the franchisor, the franchisee, or another party. The Power of Attorney grants someone the authority to act on another's behalf in legal or business matters.
A prospective Buns On Fire franchisee should seek clarification from the franchisor, SMYA Ventures LLC, regarding who holds the Power of Attorney and the specific scope of their authority. Understanding this is crucial, as it dictates who can make decisions and take actions related to the franchise on the franchisee's or franchisor's behalf.