What is the effect of the Advanced Mobile Iv And Amiv agreement on collateral agreements?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
Except as outlined in Item 19 of our Franchise Disclosure Document, we expressly disclaim the making of, and you acknowledge that you have not received or relied upon, any representation, warranty, or guarantee, express or implied, concerning the potential revenues, cost savings, volume, profits, or success of the business venture contemplated by this Agreement. You acknowledge that neither we, nor any of our officers, directors, shareholders, employees, agents or servants, made any other representation about the business contemplated by this Agreement or that are not expressly set forth in this Agreement or our Franchise Disclosure Document to induce you to accept this Franchise and execute this Agreement. Any oral representations made by our representatives to you, whether or not set forth in earlier versions of our standard form franchise agreement, have either been ratified by us by including the representations in this document or have been disavowed by excluding them from this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to the 2023 Advanced Mobile Iv And Amiv Franchise Disclosure Document, the franchise agreement aims to consolidate all understandings between the franchisor and franchisee into the written agreement and the FDD itself. Advanced Mobile Iv And Amiv seeks to avoid reliance on any verbal or implied agreements made during the franchise sales process that are not explicitly documented. This is reinforced by Exhibit J, the 'Confirmation of Additional Terms and Representations,' which is used to verify information about the sales process and confirm any additional commitments or terms beyond those in the standard franchise agreement and the Franchise Disclosure Document.
Advanced Mobile Iv And Amiv emphasizes that franchisees should not rely on any representations, warranties, or guarantees, whether express or implied, regarding potential revenues, cost savings, volume, profits, or the success of the business venture unless they are explicitly outlined in the franchise agreement or the Franchise Disclosure Document. Franchisees acknowledge that Advanced Mobile Iv And Amiv, including its officers, directors, shareholders, employees, agents, or servants, have not made any other representations about the business that are not expressly set forth in these documents to induce them to accept the franchise and execute the agreement.
Any oral representations made by Advanced Mobile Iv And Amiv representatives, whether or not they appeared in earlier versions of the standard form franchise agreement, are either ratified by including them in the current documents or disavowed by excluding them from the agreement. This clause is designed to prevent franchisees from later claiming they were promised certain benefits or outcomes that were not guaranteed in writing. This ensures that the written agreement and the FDD serve as the complete and final understanding between Advanced Mobile Iv And Amiv and the franchisee, reducing the potential for disputes based on undocumented claims or promises.