What is the title of the person who appears before the notary in the Coffee News Maine state acknowledgement?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
der: | Debtor: | | | Coffee News USA, Inc | [Franchisee's name] By: Title: | | | By: William A. Buckley | | | | Title: President | | | | [witness] | [witness] | |
| 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 |
SCHEDULE C PROMISSORY NOTE (An alternative option to SDHCEDULE B)
| $ | , 20 | |
|---|---|---|
| 04401 | [trade in section pay to the order of Coffee News US [1] (the "Holder"), the sum of | address of the Franchisee] doing business name of his business] (the "Debtor") SA, Inc. at 120 Linden St., Bangor, Maine f Dollars sipal") and such other finance charges, in |
| 1. | The payments shall be made as follows | : |
| Principal Amount Financed: Duration of Loan: Start Date of Loan: | $ (months) | |
| Monthly Payment ($25.00/week for each franchised unit): | $ | |
| Total Number of Payments: Principal Amount to be paid: Finance Charges to be paid: Total Cost of the loan: | $ $ $ | |
| month descri contin | ning on, 20 [ n until he/she have paid all of the princ ibed above that he/she may owe under t | on the day of each calendar month Debtor will make these payments every sipal and interest and any other charges this Note. |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, the person who appears before the notary in the Maine state acknowledgement is William A. Buckley. The document specifies that William A. Buckley is known to be the President of the above named Holder. This acknowledgement is part of Schedule B and Schedule C, which are likely related to financial or legal obligations within the franchise agreement.
This means that William A. Buckley, in his capacity as President, is attesting to the accuracy and validity of certain documents related to the Coffee News franchise agreement in Maine. The notary public then verifies his identity and signature, adding a layer of legal assurance to the process. This is a standard legal procedure to ensure that the person signing a document is who they claim to be and that they are doing so willingly.
For a prospective Coffee News franchisee, this acknowledgement highlights the importance of understanding the legal and financial documents associated with the franchise agreement. It also indicates that key figures within the Coffee News organization, such as the President, are involved in ensuring the proper execution of these documents. Franchisees should carefully review all schedules and exhibits to fully understand their obligations and rights under the franchise agreement.