factual

How may the Rider be executed for a Cream franchise?

Cream Franchise · 2025 FDD

Answer from 2025 FDD Document

This Rider may be executed in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same agreement with the Lease.

This Rider and all other documents related to this Rider may be executed by manual or electronic signature.

Source: Item 23 — RECEIPTS (FDD pages 61–192)

What This Means (2025 FDD)

According to the 2025 FDD, the Rider associated with the lease agreement for a Cream franchise can be executed in counterparts, meaning that multiple identical copies can be signed, and each will be considered an original. Together, these counterparts form a single agreement with the lease. Furthermore, the Rider and all related documents can be executed using either manual (physical) signatures or electronic signatures. This provides flexibility in the execution process, allowing for both traditional and modern methods of signing legal documents.

This dual approach to execution offers convenience for all parties involved. Franchisees and landlords can choose the method that best suits their needs and technological capabilities. The acceptance of electronic signatures streamlines the process, potentially reducing the time and costs associated with printing, mailing, and physically signing documents. This is particularly beneficial for Cream, which may have franchisees and landlords located in different geographic locations.

However, it's important for prospective Cream franchisees to ensure that they understand the legal implications of using electronic signatures in their jurisdiction. They should also verify that the electronic signature platform used complies with all applicable laws and regulations. Additionally, franchisees should carefully review all documents, regardless of the execution method, to ensure they fully understand their rights and obligations under the lease and Rider.

Overall, the ability to execute the Rider in counterparts and through electronic signatures simplifies the administrative aspects of establishing a Cream franchise. This flexibility can contribute to a more efficient and streamlined onboarding process for new franchisees.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.