In the Mrcool franchise agreement receipt, what information about the franchisee is required in addition to their signature?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
FRANCHISE DISCLOSURE DOCUMENT EXHIBIT K RECEIPTS
RECEIPT
This Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this Disclosure Document and all the agreements carefully.
If MRCOOL Franchising, LLC offers you a franchise, we must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate of ours in connection with the proposed franchise sale, or sooner if required by applicable law.
Applicable state laws in New York and Rhode Island require that we give you this document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreements or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this Disclosure Document at least 10 business days before the signing of any binding franchise or other agreement, or the payment of any consideration, whichever occurs first.
If MRCOOL Franchising, LLC does not deliver this Disclosure Document on time of if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the applicable state administrator identified in Exhibit A of this Disclosure Document. We authorize the respective state agencies identified in Exhibit B of this Disclosure Document to receive service of process for us in the particular state.
The Issuance Date of this Disclosure Document is: February 20, 2025
The franchise sellers for this offering are:
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
I am unable to provide the specific information required on the Mrcool franchise agreement receipt beyond the franchisee's signature, based on the excerpts from the 2025 Franchise Disclosure Document. While Exhibit K Receipts is mentioned, the document does not include a sample receipt or specify what information must be included on the receipt in addition to the signature. The document does mention that the Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. It also states that if Mrcool Franchising, LLC offers you a franchise, they must provide the Disclosure Document to you 14 calendar days before you sign a binding agreement.
A prospective franchisee should carefully review the Franchise Agreement and any related exhibits to understand all obligations. Franchisees should pay close attention to the receipts and ensure they understand what information is required, as well as the implications of signing such documents.
To fully understand the requirements for the Mrcool franchise agreement receipt, a prospective franchisee should ask the franchisor for a sample receipt and a detailed explanation of all required information beyond the signature. This will ensure full compliance and avoid potential issues in the future.