In the Devon Creek franchise agreement, what information is required next to the franchisee's signature?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
IN WITNESS WHEREOF, the undersigned have entered into this Confidentiality and Non-Compete Agreement as witnessed by their signatures below.
COVENANTOR:
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2024 FDD)
According to the 2024 Devon Creek Franchise Disclosure Document, the agreement includes a section for the Covenantor's signature. The document does not specify what information is required next to the franchisee's signature. However, it includes a signature line for the Covenantor, along with lines for their printed name and title.
While the FDD excerpt does not explicitly state what information must accompany the franchisee's signature, it does emphasize the importance of the franchisee acknowledging the truthfulness of statements made in connection with the franchise relationship. This acknowledgement serves as an inducement for Devon Creek to enter into the Franchise Agreement.
Prospective Devon Creek franchisees should clarify with the franchisor what specific information (such as date, title, address, etc.) they need to provide alongside their signature on the franchise agreement and related documents. This will ensure full compliance with Devon Creek's requirements and avoid potential issues during the franchise approval process.