In the Coffee News FDD, what schedule is William A. E Buckley stated to have executed?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| STATE OF MAINE ) ) SS. | |
|---|---|
| COUNTY OF PENOBSCOT ) | |
| Personally appeared before me on this,20, the above named William A. E person who executed the foregoing Schedule B as I Holder and, being duly sworn, stated upon that the Sche | Buckley to me known to be the President of the above named |
| My Commission expires: | Notary Public |
| STATE OF | |
| Personally appeared before me on this,20, the above named "Debtor") to me known to be the person who execute of the above named Debtor and, be the Schedule B is true and correct. | (the ed the foregoing Schedule B as |
| My Commission expires: | Notary Public |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, William A. E. Buckley is identified as having executed Schedule B. Specifically, he is mentioned in connection with the Guaranty of Performance, where he would sign as the Holder if the franchisee/debtor is a corporation, professional corporation, partnership, limited liability partnership, or limited liability company. He also executes Schedule B as the President of Coffee News USA, Inc.
Schedule B relates to the Promissory Note, which is part of the agreement between Coffee News USA, Inc. and the franchisee. Buckley's signature on this schedule signifies his role in guaranteeing the franchisee's performance under the terms of the franchise agreement and the associated promissory note.
This execution of Schedule B by William A. E. Buckley is a standard part of the Coffee News franchising process, ensuring that both the franchisor and franchisee are bound by the agreement's terms and conditions. It also provides Coffee News with a guarantee of performance from the franchisee, particularly when the franchisee is a business entity rather than an individual.