According to the Jersey Mikes note, how must notice be given to the Maker?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
- a. Any notice that must be given to Maker under this Note shall be given by hand delivery or by certified mail addressed to Maker at [
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, any notice that the Holder must give to the Maker under the Promissory Note must be delivered either by hand or via certified mail. The notice should be addressed to the Maker at a specified address, which is to be determined and filled in the document.
However, if the Maker's address changes, the Holder is only required to send notices to the new address after the Maker has provided written notice of the address change to the Holder. This ensures that the Holder has the correct and up-to-date contact information for the Maker.
This requirement ensures a verifiable record of communication, which can be crucial in legal and contractual matters. For a prospective Jersey Mike's franchisee, this means that all formal communications regarding the Promissory Note must adhere to these specific delivery methods to be considered valid and received.