In Rhode Island, who signs the Expense Reduction Analysts addendum on behalf of Expense Reduction Analysts, Inc.?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
| FRANCHISEE (IF AN INDIVIDUAL) | EXPENSE REDUCTION ANALYSTS, INC. |
|---|---|
| Signature Print Name | By: Name: Charles A. Smith Title: CEO, North America |
| OR (IF FRANCHISEE IS A BUSINESS ENTITY) | |
| NAME OF FRANCHISEE ENTITY | |
| By: | |
| Name: | |
| Title: |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (REGIONAL FRANCHISEES) (FDD pages 52–57)
What This Means (2025 FDD)
According to the 2025 Expense Reduction Analysts FDD, the addendum to the franchise agreement for Rhode Island is signed on behalf of Expense Reduction Analysts, Inc. by Charles A. Smith, in his capacity as CEO, North America. Prospective franchisees should note that this individual's signature indicates the franchisor's agreement to the specific modifications and disclosures required by Rhode Island law. This ensures that Expense Reduction Analysts is compliant with state regulations regarding franchise offerings.
This requirement for a signed addendum is a standard practice in franchising, particularly when state laws necessitate specific disclosures or modifications to the standard franchise agreement. The signature of a company officer, like the CEO, signifies the franchisor's acknowledgement and acceptance of these state-specific terms. For a franchisee, this provides assurance that the franchisor is aware of and intends to adhere to the legal requirements of operating a franchise within that state.
It is important for prospective Expense Reduction Analysts franchisees in Rhode Island to carefully review the addendum and ensure they understand their rights and obligations under Rhode Island law. They should also verify that the addendum is properly signed by the franchisor's representative before finalizing the franchise agreement. This due diligence can help prevent potential legal issues and ensure a clear understanding of the franchise relationship.