In the City Wide Addendum receipt acknowledgement, what information is required besides the signatures of the Franchisor and Franchisee representatives?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| The undersigned parties to hereby acknowledge receipt of this Addendum. | |
|---|---|
| Dated | |
| Signature of Franchisor Representative | Signature of Franchisee Representative |
| Title of Franchisor Representative | Title of Franchisee Representative |
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the addendum receipt acknowledgement requires the date, the signature of the Franchisor Representative, the title of the Franchisor Representative, the signature of the Franchisee Representative, and the title of the Franchisee Representative. This acknowledgement confirms that both parties have received the addendum to the franchise agreement.
For a prospective City Wide franchisee, this requirement ensures that both parties are formally aware of and acknowledge the addendum. This is a standard practice in franchising to maintain transparency and accountability regarding any changes or additions to the original franchise agreement.
The inclusion of titles alongside signatures helps to clarify the authority and position of the individuals signing the document, further solidifying the legal standing of the acknowledgement. The date is essential for establishing a timeline and ensuring that the acknowledgement is properly contextualized within the franchise agreement.