Does the Exit FDD receipt acknowledgement need to be notarized?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 23 RECEIPT
THE RECEIPT IS A SEPARATE DOCUMENT ATTACHED AS EXHIBIT G (2 COPIES) OF THIS DISCLOSURE DOCUMENT ACKNOWLEDGING RECEIPT OF THE DISCLOSURE DOCUMENT BY YOU.
EXHIBIT A-1 REQUEST FOR CONSIDERATION
EXIT REALTY UPPER MIDWEST
REQUEST FOR CONSIDERATION
EXIT REALTY UPPER MIDWEST
20765 Holylake Ave, Lakeville, MN 55044
To determine mutual compatibility and financial responsibility, we ask you to fill out this form for careful evaluation by our management team. We require a copy of a government issued photo ID such as your driver's license. The information supplied by you will be held in the strictest confidence. The submission of this form does not constitute an agreement by either party and is purely for informational purposes.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, Item 23 states that the receipt is a separate document attached as Exhibit G (2 copies) of the FDD. The document acknowledges receipt of the disclosure document. The excerpt does not specify whether the receipt acknowledgement needs to be notarized.
Exhibit A-1 is a request for consideration, which requires a copy of a government-issued photo ID such as a driver's license. This form is used to determine mutual compatibility and financial responsibility. The submission of this form does not constitute an agreement by either party and is purely for informational purposes.
Because the FDD excerpt does not specify whether the receipt acknowledgement needs to be notarized, prospective Exit franchisees should confirm with the franchisor whether notarization is required. This will ensure they fulfill all necessary requirements when returning the receipt.