What is the purpose of including a signature block for both entities and individuals in the Face Foundrie Franchise Agreement?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| FRANCHISOR: | FRANCHISEE: | |
|---|---|---|
| FACE FOUNDRIÉ FRANCHISING L.L.C., a Minnesota limited liability company | If a corporation, partnership, limited liability company or other legal entity: | |
| By: Print Name: Title: | (Name of corporation, partnership, limited liability company or other legal entity) By: Print Name: Title: If Individual(s): (Signature) (Print Name) |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 Face Foundrie Franchise Disclosure Document, the Franchise Agreement includes signature blocks for both entities and individuals to accommodate different types of franchisees. This allows the agreement to be executed whether the franchisee is a corporation, partnership, LLC, or an individual. The signature block ensures that the appropriate party, whether it's an authorized representative of a business entity or the individual franchisee themselves, can legally sign and bind themselves to the terms of the agreement.
For franchisees operating as a legal entity, the agreement requires the name of the entity, the signature of an authorized representative, their printed name, and their title within the entity. This confirms that the person signing has the authority to represent and commit the business to the franchise agreement. For individual franchisees, the agreement requires their signature and printed name, indicating their personal commitment to the agreement's obligations.
The inclusion of both signature options provides flexibility and ensures that the Franchise Agreement is legally sound regardless of the franchisee's business structure. This is a standard practice in franchising, as franchise systems aim to attract a diverse range of franchisees, from individual owner-operators to established business entities.