Is there a Franchise Fee Acknowledgment included in the Deck Medic Franchise Agreement schedules?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
l boundaries such determinations will be considered fixed as of the Effective Date of the Franchise Agreement and will not change for the purpose of this Agreement notwithstanding a change or reorganization to such boundaries or regions. All street boundaries, if any, will be deemed to end at the street center lines unless otherwise specified above.
Franchisor: Deck Medic, Inc. Franchisee: By: Signature Signature Name and Title (please print) Name (please print) Dated Dated Signature Name (please print) Dated 
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Schedule 2 of the Franchise Agreement is indeed a Franchise Fee Acknowledgment. This schedule requires both the franchisor and franchisee to acknowledge the specifics of the franchise fee.
The Franchise Fee Acknowledgment includes details such as whether the franchisee's operating territory is a single territory or includes additional territories. It also requires specification of the number of additional territories and the total number of territories. Most importantly, the schedule includes a blank space for the Initial Franchise Fee amount in US dollars.
Both the franchisor and franchisee must sign and date the Franchise Fee Acknowledgment, confirming their agreement on the terms outlined in the schedule. This acknowledgment serves as a formal record of the agreed-upon franchise fee and territorial arrangements, ensuring both parties are aligned on these critical aspects of the franchise agreement.