In the Carvel FDD receipt, what information is required regarding the notary public's commission?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
I, personally, and as a duly authorized officer of the prospective franchisee (if the franchisee is an Entity), hereby acknowledge receipt from Carvel Franchisor SPV LLC of the Franchise Disclosure Document (to which this Receipt is attached) dated March 28, 2025.
This Disclosure Document included the following exhibits: A – Financial Statements; B – Franchise Agreement and Related Agreements; C – Other Agreements; D – Information on Franchisees; E- Information on Former Franchisees; F – State Administrators; G- Agents for Service of Process; H – State Addenda to Disclosure Document; and I – Franchisee Disclosure Acknowledgement.
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
The 2025 Carvel Franchise Disclosure Document (FDD) receipt does not specify any required information regarding the notary public's commission. The receipt primarily serves as an acknowledgment that the prospective franchisee has received the FDD from Carvel Franchisor SPV LLC. It confirms the date of the FDD and lists the exhibits included, such as financial statements, franchise agreements, and information on franchisees.
The receipt also includes acknowledgements related to timely receipt and review of the agreement and disclosure documents. It states that the franchisee has been given ample opportunity to consult with representatives and legal counsel regarding the documents. The franchisee also acknowledges that they have conducted an independent investigation of the business and recognize the business risks involved.
While the FDD receipt confirms the franchisee's acknowledgement of receiving the document and understanding its contents, it does not delve into the specifics of notary public commissions or any related financial obligations. A prospective franchisee should consult with Carvel or their legal counsel to understand if there are any requirements for notarization and associated costs.