In the Cinnabon receipt, what information is captured regarding the signatory's name and title?
Cinnabon Franchise · 2025 FDDAnswer from 2025 FDD Document
| COMPANY: | FRANCHISEE: |
|---|---|
| CINNABON LLC | «Z1_First_Name» «Z1_Last_Name» a «Z1_State_of_Formation» «Z1_Entity_Type» |
| By: Name: Tim Goodman Title: Senior Vice President Franchise Administration | By: Name: «Signee_1_name» Title: «Signee_1_title» |
| Date: | Date: |
Source: Item 23 — Receipts (FDD pages 114–399)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the receipt captures the signatory's name and title for both the company and the franchisee. For Cinnabon, the receipt includes the name and title of the company representative, which is Tim Goodman, Senior Vice President Franchise Administration. For the franchisee, the receipt captures the franchisee's first and last name, state of formation and entity type, as well as the name and title of the person signing on behalf of the franchisee, indicated by placeholders «Signee_1_name» and «Signee_1_title».
This information is essential for verifying the parties involved in the franchise agreement and confirming that the document is signed by authorized individuals. The inclusion of the franchisee's entity details (state of formation and entity type) ensures that the legal structure of the franchisee is accurately recorded. This level of detail is typical in franchise agreements to establish a clear legal record of the transaction.
Prospective franchisees should ensure that the names and titles of all signatories are accurately reflected on the receipt and that they match the authorized representatives of both Cinnabon and the franchisee's business entity. Any discrepancies should be addressed before finalizing the agreement to avoid potential legal complications in the future. The franchisee should also verify that their state of formation and entity type are correctly documented to maintain legal compliance.