What is the significance of Exhibit A in the Precision Door Service Renewal Addendum?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT A
PRECISION DOOR SERVICE SPV LLC
FRANCHISE AGREEMENT
RECEIPT FOR FRANCHISE AGREEMENT
The undersigned hereby acknowledges and agrees that on the date below, they received a FRANCHISE
AGREEMENT for a PRECISION GARAGE DOOR SERVICE® franchised business including all applicable exhibits with all information completed in a form ready to execute. Date Signature Date Signature
PRECISION GARAGE DOOR SERVICE® FRANCHISE AGREEMENT
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PRECISION GARAGE DOOR SERVICE® FRANCHISE AGREEMENT
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 Precision Door Service FDD, Exhibit A is the Franchise Agreement. It includes a receipt for the franchise agreement, which the franchisee acknowledges receiving. This receipt confirms that the franchisee received the franchise agreement, including all applicable exhibits, with all information completed and ready to execute.
The inclusion of Exhibit A and its receipt serves as an acknowledgment that the franchisee has been provided with the complete franchise agreement. This is a standard practice in franchising to ensure transparency and compliance with disclosure requirements. By signing the receipt, the franchisee confirms they have received all necessary documents to make an informed decision.
Prospective Precision Door Service franchisees should carefully review Exhibit A, the Franchise Agreement, and all its exhibits before signing the receipt. This ensures they understand the terms and conditions of the franchise agreement before committing to the franchise. It is also advisable to seek legal counsel to review the agreement and ensure full comprehension of its implications.