How must the reports and financial statements be signed and verified by a Craters & Freighters franchisee?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Each report and financial statement referenced above must be signed and verified by Franchisee in the manner Franchisor prescribes. Franchisor will have the right to use and/or disclose any data derived from such sales reports, so long as Franchisor does not specifically identify Franchisee in connection with such data or sales reports.
Source: Item 22 — CONTRACTS (FDD pages 49–50)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, all reports and financial statements that a franchisee submits must be signed and verified. The specific manner of signing and verification will be as prescribed by Craters & Freighters.
Craters & Freighters retains the right to utilize and/or disclose any data derived from these sales reports. However, Craters & Freighters will not specifically identify the franchisee in connection with the data or sales reports.
This requirement ensures that Craters & Freighters receives accurate and reliable financial information from its franchisees, which is essential for monitoring the overall performance of the franchise system and for calculating royalties and other fees. The franchisee must adhere to the franchisor's prescribed method for signing and verifying these documents to maintain compliance with the franchise agreement.