What is the significance of the phrase 'IN WITNESS WHEREOF' in the Potbelly Sandwich Works franchise agreement?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties have signed and delivered this Rider on the dates noted below, to be effective as of the Effective Date.
POTBELLY FRANCHISING, LLC, an Illinois limited liability company [Name of Franchisee] [Signature] By: [Signature] [Print Name] [Print Name] DATED: Title: DATED:
Source: Item 23 — RECEIPTS (FDD pages 79–355)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, the phrase "IN WITNESS WHEREOF" appears in the context of riders to the franchise agreement. This phrase is a standard legal term that precedes the signatures of the parties involved, signifying that the parties are signing the document to attest to their agreement to the terms outlined within the rider. It essentially marks the formal execution of the agreement.
In the context of the Potbelly Sandwich Works franchise agreement, the inclusion of this phrase indicates that both Potbelly Franchising, LLC, and the franchisee are formally acknowledging and agreeing to the specific terms and conditions outlined in the rider. These riders often address state-specific regulations or modifications to the standard franchise agreement, ensuring compliance with local laws. The phrase confirms that the parties have willingly entered into the agreement and intend to be bound by its provisions.
For a prospective Potbelly Sandwich Works franchisee, the presence of "IN WITNESS WHEREOF" serves as a cue to carefully review the document before signing. It highlights the importance of understanding the implications of the rider, as the signatures that follow legally bind the franchisee to those terms. This phrase is a signal that the document is nearing its end and is ready to be signed, solidifying the agreement between Potbelly Sandwich Works and the franchisee.