Who must sign the Del Taco receipt on behalf of the prospective franchisee?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
| Date of Receipt | Signature of Prospective Franchisee (on behalf of the prospective franchisee and any corporation, limited liability company, or other business entity having or proposed to have an interest in the franchise or any proposed franchised location) | ||
|---|---|---|---|
| By Print Name | |||
| Date of Receipt | Signature of Prospective Franchisee (on behalf of the prospective franchisee and any corporation, limited liability company, or other business entity having or proposed to have an interest in the franchise or any proposed franchised location) By Print Name | ||
| Del Taco Sales Person: | Print Name: Signature: | ||
| Del Taco Sales Person: | Print Name: Signature: |
Source: Item 23 — RECEIPTS (FDD pages 59–325)
What This Means (2025 FDD)
According to the 2025 Del Taco Franchise Disclosure Document, the prospective franchisee must sign the receipt on behalf of themselves and any related business entity. This includes any corporation, limited liability company, or other business entity that has or proposes to have an interest in the franchise or any proposed franchised location. The signature confirms that the prospective franchisee received the FDD.
In addition to the prospective franchisee's signature, the Del Taco sales person must also sign the receipt. The receipt also includes spaces for the date of the receipt and the printed names of both the prospective franchisee and the Del Taco sales person.
This receipt serves as an acknowledgment that Del Taco provided the FDD to the prospective franchisee, which is a crucial step in the franchise sales process. Federal and state laws mandate that franchisors provide the FDD to potential franchisees within a specific timeframe before any binding agreements are signed or payments are made. This allows the prospective franchisee adequate time to review the document and seek professional advice before making a final decision.
Failure to provide the FDD within the required timeframe or if the FDD contains false or misleading statements, it could lead to violations of federal and state laws. The FDD explicitly states that such violations should be reported to the Federal Trade Commission and the applicable state agency.