What is the date that the prospective Counselor Realty franchisee must provide on the signature page?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| A. B. C. | Financial Statements Franchise Agreement List of Franchises | D. E. | List of State Franchise Administrators State Addendum | ||
|---|---|---|---|---|---|
| Name | Signature | PROSPECTIVE FRANCHISEE (Print or type name of corporation or partnership) Date | |||
| 1. | |||||
| 2. | |||||
| 3. | |||||
| 4. | DISCLOSURE DOCUMENT AND MUST BE RETURNED IMMEDIATELY TO: Name, address and telephone number of the franchise seller offering the franchise: | 3200 NW Main Street, Suite 110 Coon Rapids, Minnesota 55448 | THIS PAGE MUST BE SIGNED BY AN OFFICER OF A CORPORATION, THE GENERAL PARTNER(S) OF A PARTNERSHIP, OR ANY INDIVIDUAL RECEIVING A COPY OF THE FRANCHISE COUNSELOR REALTY FRANCHISING, INC. | ||
| Name: | |||||
| Address: | |||||
| Phone: |
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the prospective franchisee must provide the date on the signature page of the franchise agreement. Specifically, the table included in Item 22 indicates a space for the prospective franchisee to print their name (or the name of their corporation or partnership) and to provide the date. This confirms that the date is a required element when signing the agreement.
This requirement is standard practice in franchising, as it establishes a clear timeline and record of when the agreement was formally accepted by both parties. The date serves as a reference point for determining the start of the franchise term, deadlines for various obligations, and the overall duration of the agreement. It also helps to avoid any potential disputes or ambiguities regarding the timing of the agreement's execution.
Prospective Counselor Realty franchisees should ensure that the date provided on the signature page is accurate and consistent with the actual date of signing. This will help to ensure the validity and enforceability of the franchise agreement and avoid any potential complications down the line. It is also important to carefully review all other sections of the agreement and seek legal counsel if needed to fully understand the terms and conditions before signing.