In the Ledgers Addendum acknowledgement, what date must be entered?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| The undersigned parties do hereby acknowledge receipt of this Addendum. | |
|---|---|
| Dated this day of 20 | |
| Signature of Franchisor Representative | Signature of Franchisee Representative |
| Title of Franchisor Representative | Title of Franchisee Representative |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the Addendum requires a date to acknowledge receipt. The franchisee and franchisor representatives must date the addendum on the day it is signed. The date is entered as "Dated this day of 20__". The specific day and year must be filled in to acknowledge receipt of the addendum.
This date is important because it provides a record of when both parties acknowledged the terms of the addendum. This can be crucial for legal and contractual purposes, ensuring that all parties are aware of and agree to the modifications or additions to the original franchise agreement.
Prospective franchisees should ensure that they carefully review and understand the addendum before signing and dating it. It is also advisable to keep a copy of the signed and dated addendum for their records.