Are electronic signatures binding for the Corcoran Note?

According to Corcoran's 2025 Franchise Disclosure Document, electronic signatures are considered binding for the Corcoran Note. Specifically, the document states that both the Maker and Co-Maker(s) expressly intend to be bound by authenticated electronic signatures, such as those provided by Docusign. This indicates that Corcoran acknowledges and accepts electronic signatures as legally valid for the promissory note.

This provision offers convenience for franchisees, as it allows them to sign the Corcoran Note remotely without needing to be physically present. It streamlines the signing process and reduces administrative burdens. Franchisees should ensure that they use authenticated electronic signature platforms like Docusign to guarantee the validity of their signatures.

It is important for prospective Corcoran franchisees to understand that by agreeing to be bound by electronic signatures, they are accepting the same legal obligations as if they had signed a physical document. Therefore, they should carefully review all terms and conditions of the Corcoran Note before signing it electronically.