In the receipt section, is there a field for both the Mrcool franchisor and the 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 includes fields for both the franchisor and the franchisee to date their signatures. The receipt outlines signature blocks for both parties, including spaces for their signatures, printed names, titles (where applicable), and the date of signing. This ensures that both Mrcool and the franchisee acknowledge the receipt of the FDD and the date on which they signed, confirming their understanding and agreement.
Having a dated signature from both parties on the receipt is a standard practice in franchising. It provides a clear record that the franchisee received the FDD within the required timeframe before signing the franchise agreement. This helps to protect both the franchisor and franchisee by documenting that the franchisee had the opportunity to review the document and seek advice before making a commitment.
Prospective Mrcool franchisees should ensure that they carefully review the FDD and all related documents before signing the receipt. Dating the receipt accurately is important, as it marks the start of the review period and confirms compliance with franchise regulations. Franchisees should retain a copy of the signed receipt for their records, as it may be needed for future reference or in case of any disputes.