In the Mrcool franchise agreement receipt, who is required to sign the document?
Mrcool Franchise · 2025 FDDAnswer 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.
18.Q. OPPORTUNITY FOR REVIEW BY FRANCHISEE'S ADVISORS
Franchisor recommends that Franchisee have this Agreement and the Franchise Disclosure Document reviewed by Franchisee's lawyer, accountant, and other business advisors, prior to signing this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to the 2025 Mrcool Franchise Disclosure Document, the franchise agreement will not be binding on Mrcool unless and until an authorized officer of Mrcool has signed it. Mrcool recommends that the franchisee have the agreement and the Franchise Disclosure Document reviewed by their lawyer, accountant, and other business advisors before signing.
This clause ensures that the Mrcool franchise agreement is officially accepted by Mrcool through the signature of an authorized officer, providing a safeguard for Mrcool. It also emphasizes the importance of the franchisee seeking professional advice before committing to the agreement.
This is a fairly standard clause in franchise agreements. It protects the franchisor by ensuring that the agreement is formally approved internally. It also serves as a reminder to the franchisee to conduct their due diligence and seek expert advice before signing, which is a prudent step for any prospective business owner.