What is the significance of the signatures of both the Franchisor and Franchisee representatives on the Ledgers addendum?
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 the 2025 Ledgers FDD, the signatures of both the franchisor and franchisee representatives on the addendum serve as an acknowledgment of receipt. By signing, both parties confirm that they have received the addendum. The document includes spaces for the signatures and titles of both the Franchisor Representative and the Franchisee Representative, along with a space to record the date of signing.
This acknowledgment is a standard business practice to ensure that all parties involved are aware of and have received important documents related to the franchise agreement. However, the FDD also notes that this acknowledgment is not applicable to Washington franchisees, as a separate Washington Addendum applies to them.
Furthermore, the FDD states that no statement, questionnaire, or acknowledgment signed by a franchisee can waive claims under state franchise law, including fraud, or disclaim reliance on statements made by the franchisor. This provision is designed to protect franchisees and supersedes any conflicting terms in other documents. Therefore, while the signatures acknowledge receipt, they do not imply a waiver of rights or acceptance of potentially misleading information.