If the Learningrx franchisee is an entity, what kind of resolution must be provided to the franchisor?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisee is a limited liability company, partnership, corporation or other entity, Franchisee shall provide to Franchisor a resolution signed by all members, directors or partners, as appropriate, designating the principal contact for the Business. This principal contact must be either a managing member, general partner or controlling shareholder. Such representative shall have the authority to speak for and bind Franchisee in all matters pertaining to this Agreement, and all matters relating to the Business. Further, if Franchisee is an entity, such entity shall engage in no business other than the operation of the Business governed by this Agreement.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, if the franchisee is a limited liability company, partnership, corporation, or other entity, they must provide Learningrx with a resolution. This resolution needs to be signed by all members, directors, or partners, as appropriate, to designate a principal contact for the business.
The designated principal contact must be either a managing member, general partner, or controlling shareholder. This representative is granted the authority to speak for and legally bind the franchisee in all matters pertaining to the Franchise Agreement and the business operations.
Furthermore, the FDD stipulates that if the Learningrx franchisee is an entity, it is restricted to engaging solely in the operation of the Learningrx business governed by the Franchise Agreement. This means the entity cannot be involved in any other business ventures outside of the Learningrx franchise.