In the Mrcool franchise agreement receipt, who signs as the Franchisor?
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.
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to the 2025 Mrcool Franchise Disclosure Document, the franchise agreement is not binding on Mrcool unless and until an authorized officer of Mrcool has signed it. This means that the franchisee's signature alone is not enough to make the agreement valid.
For a prospective franchisee, this clause ensures that Mrcool's management has officially approved the franchise agreement. It protects both parties by requiring a formal sign-off from an authorized officer, confirming that Mrcool is committed to the agreement's terms and conditions.
This requirement is a standard practice in franchising, as it ensures that the franchisor is fully aware of and agrees to the terms of the franchise agreement before it becomes legally binding. It is important for the franchisee to ensure that the agreement is signed by an authorized officer of Mrcool to avoid any potential disputes about the agreement's validity.