What must the Lees Famous Recipe developer sign and date on the acknowledgment of receipt?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| FRANCHISEE (for an entity) | FRANCHISEE (for individual) |
|---|---|
| Date: | Date: |
| , | Signed: |
| (Print name of entity) | |
| a, | Print Name: |
| (Type of entity and state of formation) | |
| By: | Address |
| (Signature of person signing on behalf of entity) | City: State: |
| (Print name of person signing on behalf of entity) | |
| Its: | Phone: () Zip: |
| (Title of person signing on behalf of entity) | |
| Address | |
| City: State: | |
| Phone: () Zip: | |
| methods of delivery: | This receipt of the disclosure docu |
Source: Item 23 — RECEIPTS (FDD pages 70–287)
What This Means (2025 FDD)
According to the 2025 Lees Famous Recipe Franchise Disclosure Document, the last two pages of the document are a detachable acknowledgment of receipt. The prospective developer must sign and date each of the detachable acknowledgments of receipt. The signature and date should reflect the date on which the developer received the disclosure document. After signing and dating, the developer must return one copy to Lees Famous Recipe.
This requirement ensures that the prospective franchisee acknowledges receiving the FDD, which contains important information about the franchise opportunity. This receipt helps Lees Famous Recipe prove that they provided the required disclosures to the franchisee before any agreements were signed.
It is a common practice in franchising to have franchisees sign an acknowledgment of receipt for the FDD. This protects both the franchisor and franchisee by documenting that the franchisee had access to the necessary information to make an informed decision.