Does Cr3 American Exteriors require a signature of the prospective franchisee on the receipts page?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 23 RECEIPTS
Exhibit H contains two copies of a Receipt of our Disclosure Document. You must sign, date and deliver one copy of the Receipt Page to us for our records.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to the 2025 Cr3 American Exteriors Franchise Disclosure Document, Exhibit H contains two copies of a Receipt of the Disclosure Document. The FDD states that the prospective franchisee must sign, date, and deliver one copy of the Receipt Page to Cr3 American Exteriors for their records.
This requirement ensures that Cr3 American Exteriors has confirmation that the prospective franchisee received and acknowledged the Disclosure Document. This is a standard practice in franchising, as it helps to protect both the franchisor and franchisee by documenting that the franchisee was provided with important information about the franchise opportunity before making a financial commitment.
Prospective franchisees should carefully review the Disclosure Document and all related agreements before signing the receipt page. They should also retain a copy of the signed receipt for their own records.