What ongoing obligations, if any, are created by signing the Exit FDD receipt acknowledgement?

Based on the 2025 Exit Franchise Disclosure Document, signing the receipt acknowledgement itself does not create ongoing obligations. However, the Sales Representative acknowledges having read and understood the agreement prior to signing it and acknowledges being in receipt of a fully executed copy of the agreement. This indicates that the obligations arise from the franchise agreement itself, not merely from acknowledging receipt of the FDD.

The Exit franchise agreement outlines several ongoing obligations for the franchisee. These include efforts to protect and advance the trade name, service mark, and the Exit system, as well as reporting any imitations or infringements upon them. Franchisees must also acknowledge Exit's exclusive rights to the Proprietary Marks and ensure that all associated goodwill benefits Exit. Franchisees cannot make disparaging remarks about Exit or its officers.

Additionally, Exit franchisees must adhere to uniform standards of quality and service to protect Exit's reputation and goodwill. This includes adopting changes to Proprietary Marks or Training Manuals and obtaining advance written approval for the appearance of the trade name and logo incorporating the franchisee's name. These obligations continue throughout the term of the franchise agreement and, in some cases, even after termination or non-renewal, such as refraining from using confusingly similar terms to "Exit" in any subsequent business.