Who signs the agreement on behalf of Cornwell Quality Tools?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
CORNWELL QUALITY TOOLS SPECIAL REP DSA DEALER PURCHASE ORDER, NOTE AND SECURITY AGREEMENT
The undersigned, individually and/or collectively, having a franchised dealership of Cornwell Quality Tools products and (if applicable) the individual owner or owners of such dealership if it is an entity, as active partners in the operation of the business (individually and/or collectively referred to as "Dealer"), hereby orders and agrees to purchase from CORNWELL QUALITY TOOLS COMPANY, an Ohio Corporation ("Cornwell"), the inventory and other property to be delivered to Dealer by Cornwell and described on documentation to be sent to Dealer at the times of shipment (the "Inventory"). This order will become binding and effective when accepted in writing by Cornwell in Ohio.
Source: Item 23 — RECEIPT (FDD pages 101–373)
What This Means (2025 FDD)
According to Cornwell Quality Tools' 2025 Franchise Disclosure Document, the purchase order becomes binding and effective when accepted in writing by Cornwell Quality Tools in Ohio. This indicates that a representative authorized by Cornwell Quality Tools will sign the agreement to finalize it.
This means that a prospective Cornwell Quality Tools dealer's purchase order is not automatically approved upon submission. Instead, it requires formal acceptance from Cornwell Quality Tools, signified by a written acknowledgment from their headquarters in Ohio. This process ensures that Cornwell Quality Tools retains control over who becomes a dealer and under what terms.
Prospective franchisees should confirm who specifically is authorized to sign on behalf of Cornwell Quality Tools and what criteria are used to determine acceptance of a purchase order. Understanding this process can provide clarity on the steps required to finalize the franchise agreement and begin operations.