In the Floors To Go franchise agreement, what is required to attest to the member's signature?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: March 12, 2025 See Exhibit "G" for registered agents authorized to receive service of process. I have received a disclosure document, dated March 12, 2025, that included the following Exhibits: A. Membership Agreement B. State Specific Amendments to the Membership Agreement C. Principal Owner's Statement D. State Specific Addenda to the Franchise Disclosure Document E. Audited Financial Statements F. List of State Administrators G. FTG's Registered Agents for Service of Process H. FTG's Currently Operating Members I. FTG's Not Yet Operational Members J. FTG's Terminated or Cancelled Members K. State Effective Dates L. Receipt (Signature of Prospective Franchisee) (Date of Receipt) YOUR COPY
(Name of Prospective Franchisee)
KEEP THIS COPY FOR YOUR RECORDS.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the receipt for the franchise disclosure document requires the prospective franchisee's signature and the date of receipt. The receipt also includes a space for the prospective franchisee's name. This receipt serves as an acknowledgment that the franchisee received the disclosure document.
Floors To Go requires this signed receipt to confirm that they have met their legal obligation to provide the FDD to the prospective franchisee within the mandated timeframe. This is a standard practice in franchising, ensuring transparency and compliance with federal and state regulations.
The receipt also lists the exhibits included with the disclosure document, such as the Membership Agreement, state-specific amendments, financial statements, and lists of current and former members. By signing the receipt, the prospective franchisee acknowledges receiving all these documents, which are crucial for making an informed investment decision. The franchisee is instructed to keep a copy of the receipt for their records.