In the receipt section, who signs on behalf of the Mrcool Franchising, LLC?

According to Mrcool's 2025 Franchise Disclosure Document, the receipt section requires a signature on behalf of Mrcool Franchising, LLC. The receipt serves as confirmation that the prospective franchisee has received the Franchise Disclosure Document (FDD). The FDD states that the person signing on behalf of Mrcool Franchising, LLC must also print their name and title. The receipt also requires the date of the signature.

This receipt is important because Mrcool Franchising, LLC must provide the FDD to a potential franchisee at least 14 calendar days before they sign a binding agreement or make any payments related to the franchise. This timeframe allows the franchisee to thoroughly review the document and seek professional advice. Failing to deliver the FDD on time or if the FDD contains false, misleading, or omits information, it could be a violation of federal and state laws.

The receipt helps Mrcool document its compliance with disclosure requirements. The franchisee also signs and dates the receipt, acknowledging they received the FDD. Both parties retain a copy of the signed receipt. This process ensures transparency and provides legal protection for both Mrcool and the franchisee, confirming that the franchisee had access to all necessary information before entering into the franchise agreement.

Prospective franchisees should carefully review the FDD and all related documents, and retain copies of all signed receipts and agreements. If there are any concerns about the disclosure process or the content of the FDD, they should seek legal counsel and report any potential violations to the Federal Trade Commission and the appropriate state authorities.