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In the Mrcool franchise agreement receipt, what information about the franchisor's representative is required in addition to their signature?

Mrcool Franchise · 2025 FDD

Answer from 2025 FDD Document

18.P. ACCEPTANCE BY FRANCHISOR

This Agreement will not be binding on Franchisor unless and until an authorized officer of Franchisor has signed it.

Source: Item 23 — RECEIPTS (FDD pages 55–263)

What This Means (2025 FDD)

According to Mrcool's 2025 Franchise Disclosure Document, the franchise agreement is not binding on the franchisor until an authorized officer of the franchisor has signed it. The FDD does not specify any additional information, such as the officer's name or title, that must accompany the signature for the agreement to be considered binding.

This clause protects Mrcool by ensuring that only authorized personnel can commit the company to a franchise agreement. It prevents unauthorized individuals from binding the company to an agreement without proper approval. For a prospective franchisee, this means the agreement is not final until it has been signed by an authorized officer of Mrcool.

Prospective franchisees should confirm that the person signing on behalf of Mrcool is indeed an authorized officer. It would be prudent to request confirmation of the signatory's authority to avoid potential future disputes about the validity of the agreement. Franchisees should also retain a copy of the fully executed agreement for their records.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.