Does the Exit FDD receipt acknowledgement need to be witnessed?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Region Name] has made no assurance nor representation that I will be granted a franchise opportunity, and I
information I have provided herein is true, accurate, and complete, and I understand that EXIT Realty [Insert Region Name] will rely on the information provided by me. Date Signature of Applicant Date Applicant Print Name Date Witness Date Witness Print Name waive, release, and discharge EXIT Realty [Insert Region Name] from any claims or actions, known or unknown, whatsoever existing prior to the date of this application, except those arising from representations in EXIT Realty [Insert Region Name] franchise disclosure document and exhibits and amendments thereto. I declare that the
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the Franchise Agreement includes a signature section for the applicant, date, applicant's printed name, and date. There are also separate fields for the witness's signature, date, and the witness's printed name. This indicates that a witness is required when signing the Exit Realty franchise agreement.
Prospective Exit franchisees should ensure they follow all instructions and complete all required fields, including obtaining the necessary witness signatures, to avoid any potential issues with their franchise agreement. Failure to properly execute the agreement could lead to delays or complications in the franchise approval process.
It is important for potential franchisees to carefully review all documents and seek legal counsel to ensure full compliance with Exit's requirements.