Who must sign the written modification to the Counselor Realty franchise agreement?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
PLEASE INDICATE YOUR ACCEPTANCE BY SIGNING AND RETURNING THIS COPY OF THIS AGREEMENT. YOU REPRESENT AND WARRANT THAT YOU ARE AUTHORIZED TO EXECUTE THIS AGREEMENT FOR THE FRANCHISEE.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the franchisee must sign the franchise agreement, representing and warranting that they are authorized to execute the agreement. If the franchisee is a corporation or other entity, each person who is or becomes a stockholder or owner must also sign the agreement.
This requirement ensures that all parties with a significant stake in the Counselor Realty franchise are aware of and agree to the terms of the franchise agreement. This includes not only the individual franchisee but also any individuals who hold ownership in the franchisee's business entity.
This is a fairly standard practice in franchising, as franchisors want to ensure that all individuals with a controlling interest in the franchise are bound by the agreement's terms and conditions. This helps to protect the franchisor's brand and system standards, and it also reduces the risk of disputes or disagreements among the franchisee's owners.