Does the Mrcool receipt form require both the franchisor and franchisee to date their signatures?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchisor: MRCOOL Franchising, LLC | Franchisee: |
|---|---|
| Signature | Signature |
| Name and Title (please print) | Name (please print) |
| Dated | Dated |
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, the receipt form requires both the franchisor and the franchisee to date their signatures. The table outlines signature lines for both parties, including spaces for printed names/titles and dates. This indicates that Mrcool requires a formal record of agreement, acknowledged by both parties with their signatures and the dates they signed.
For a prospective Mrcool franchisee, this means that any official documents or agreements will need to be signed and dated to be considered valid. This is a standard business practice, ensuring that both parties are aware of and agree to the terms outlined in the document. It also provides a clear record of when the agreement was made, which can be important for legal and compliance purposes.
The inclusion of "Name and Title (please print)" suggests that Mrcool wants to ensure clarity regarding who is signing on behalf of the franchisor, adding another layer of formality to the process. The franchisee should pay close attention to these details when signing any documents related to their franchise agreement to ensure they are properly executed and legally binding.
It is important to note that there are multiple versions of the receipt form, as evidenced by slight variations in the table layouts. Some versions include an additional signature line. Franchisees should ensure they are using the correct and current form as provided by Mrcool to avoid any discrepancies or issues with their agreements.