In the Exit FDD receipt, what information is required in row 5 under the 'Name' column?
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)
Based on the 2025 Exit Franchise Disclosure Document, Exhibit A-2 shows an example of the Franchise Agreement. The document includes a signature block for the applicant, including fields for the applicant to print their name, their signature, the date, and witness information. Specifically, the applicant must print their name and provide their signature, along with the date, to acknowledge the terms of the franchise agreement. A witness must also sign and print their name.
This requirement ensures that Exit has a clear record of who is entering into the franchise agreement and that the applicant acknowledges their understanding and acceptance of the agreement's terms. The inclusion of a witness adds an extra layer of verification to the signing process.
Prospective Exit franchisees should carefully review all documents before signing and ensure they understand their obligations and rights under the franchise agreement. They should also retain a copy of the signed agreement for their records.