In the Mrcool franchise agreement receipt, who is designated as the 'Franchisor' to provide a signature?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
[SIGNATURE PAGE TO FOLLOW]
IN WITNESS WHEREOF, the parties have executed, sealed and delivered this Agreement as of the Effective Date set forth in the first paragraph o
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, the document indicates that both parties, which include the franchisee and the franchisor, must execute the agreement. The provided excerpt includes a signature page to formalize the agreement. This signifies that Mrcool, as the franchisor, is required to provide a signature to validate the franchise agreement.
This requirement ensures that both Mrcool and the franchisee are legally bound by the terms and conditions outlined in the franchise agreement. By signing the document, Mrcool acknowledges its responsibilities and obligations to support the franchisee in establishing and operating a Mrcool Center. The signature serves as a formal commitment from Mrcool to uphold its end of the agreement.
For a prospective franchisee, this means that the franchise agreement is not fully in effect until Mrcool has also signed the document. It is a crucial step in the franchising process, confirming that both parties are in agreement and ready to move forward with the establishment of the Mrcool Center. Franchisees should ensure that they receive a fully executed copy of the agreement, bearing the signatures of both the franchisee and Mrcool, for their records.