Does Cream allow the agreement to be executed by electronic means?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
You further represent and warrant to us that you and your owners are now, and have been, in compliance with U.S. anti-money laundering and counter-terrorism financing laws and regulations, and that any funds provided by you or your owners to us or our affiliates are and will be legally obtained in compliance with these laws. You agree not to, and to cause all of your owners, employees, agents, representatives, and any other person or entity associated with you not to, during the Term, take any action or refrain from taking any action that would cause such person or entity to become a target of any such laws and regulations.
10. EXECUTION.
This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. This Agreement may be executed by electronic means.
IN WITNESS WHEREOF, the parties have executed and delivered this Agreement on the dates noted below, to be effective as of the Effective Date.
Source: Item 23 — RECEIPTS (FDD pages 61–192)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, the franchise agreement can be executed through electronic means. Specifically, the document states that the agreement may be executed in multiple counterparts, each considered an original, and that the agreement can be executed by electronic means.
This provision offers convenience for both Cream and the franchisee, as it removes the necessity for physical signatures and in-person meetings to finalize the agreement. It streamlines the process, potentially saving time and resources. Electronic execution is now a fairly standard practice in franchising due to its efficiency.
Prospective franchisees should ensure they have the necessary technology and software to participate in electronic signing. They should also confirm with Cream what specific platforms or methods are approved for electronic execution to avoid any issues with the validity of their agreement.