If the Southern Steer business is to be operated in which state should I NOT sign the Closing Acknowledgment?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| This "Closing Acknowledgment", attached as Attachment J | to the Southern Steer Franchising International, | |
|---|---|---|
| LLC | Franchise Agreement ("Agreement"), dated | between Southern Steer |
| Franchising International, LLC | ||
| ("Franchisee"), must be completed before or at the same time Franchisee signs the Agreement. To the | ("Franchisor") and | |
| extent not defined herein, all capitalized references in this Closing Acknowledgment will have the meanings | ||
| as defined in the Agreement. | ||
| Maryland. | Do not sign this Questionnaire if you are a resident of Maryland or the business is to be operated in | |
| A. Relevant Dates. | ||
| : The date I received the Franchise Disclosure Document about | ||
| the Southern Steer Business franchise. |
Source: Item 5 — and 7 of the FDD, Section 3.1 of the Franchise Agreement and Section 4.1 of the Multi-Unit Development Agreement are hereby amended to state that payment of the initial franchise fee and development fee will be deferred until We have satisfied Our pre-opening obligations, and You have commenced business operations. (FDD pages 168–290)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, if the Southern Steer business is to be operated in Maryland, you should not sign the Closing Acknowledgment. The Closing Acknowledgment is identified as Attachment J to the Franchise Agreement.
This instruction is a critical compliance requirement. Signing the Acknowledgment against this explicit direction could have legal ramifications, potentially affecting the validity of the franchise agreement or creating legal complications with Southern Steer.
Prospective franchisees should carefully note this restriction and seek legal counsel if they have any questions or concerns about the implications of this requirement, especially if they intend to operate a Southern Steer franchise in Maryland.