What information must a prospective Carvel franchisee provide on the receipt of the Franchise Disclosure Document if the franchisee is a corporation or LLC?
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)
According to Carvel's 2025 Franchise Disclosure Document, if the prospective franchisee is a corporation or LLC, the receipt for the Franchise Disclosure Document must be acknowledged by a duly authorized officer of the entity. This indicates that the individual signing the receipt on behalf of the corporation or LLC must have the legal authority to represent and bind the entity. The receipt confirms that Carvel Franchisor SPV LLC provided the Franchise Disclosure Document dated March 28, 2025, including exhibits covering financial statements, agreements, franchisee information, state administrators, agents for service of process, state addenda, and a franchisee disclosure acknowledgement.
This requirement ensures that Carvel has confirmation that the franchisee, whether an individual or a business entity, has received the necessary information to make an informed decision. For corporate or LLC franchisees, it adds a layer of assurance that the person receiving the document is authorized to act on behalf of the company. This is a standard practice in franchising to ensure transparency and compliance with disclosure laws.
Prospective Carvel franchisees should ensure that the officer signing the receipt is fully aware of the responsibilities and obligations associated with the franchise. They should also carefully review all exhibits included with the Franchise Disclosure Document to understand the full scope of the agreement. By having an authorized officer acknowledge receipt, Carvel aims to prevent future disputes regarding whether the franchisee was properly informed before entering into the franchise agreement.