What is the Cinch I.T. franchisee required to provide in the 'Signature' section for Owner Individuals?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
ment executed in connection with the franchise.
57. EFFECTIVE DATE
April 30, 2024
This Agreement shall not be effective until accepted by Us as evidenced by signing by an authorized Managing Member of Franchisor.
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement As Of The Day and Year specified in the pre-amble,
| FRANCHISOR: CINCH FRANCHISE, LLC | |
|---|---|
| BY: | |
| OFFICE HELD: | |
| "INDIVIDUAL FRANCHISEE" | |
| FRANCHISEE: | |
| PRINT NAME OF INDIVIDUAL | |
| (SIGNATURE AND DESIGNATION OF SOLE PRO |
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the franchisee must print their name and provide their signature and designation as a sole proprietor or partner in the signature section. This requirement applies to individual franchisees signing the agreement.
This means that if you are an individual entering into a franchise agreement with Cinch I.T., you will need to personally sign the document. If the franchisee is a sole proprietorship or partnership, the individual signing must indicate their role (sole proprietor or partner) alongside their signature. This is a standard practice in franchising to ensure that the person signing has the authority to bind the franchisee to the terms of the agreement.
This requirement ensures clarity and accountability regarding who is legally responsible for upholding the franchise agreement. It also confirms that Cinch I.T. has a clear record of who their franchisees are, whether they are individuals or business entities, and who is authorized to represent them.