What is the responsibility of Advanced Mobile Iv And Amiv regarding a breach of confidentiality by its Representatives?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
ADVANCED MOBILE IV, LLC DBA AMIV("we/us"), desires to verify certain information about the sales process and to confirm any additional commitments or terms beyond those contained in our standard franchise agreement and contained in our current "Franchise Disclosure Document," including any oral statement, representation, promise, or assurance made during the negotiations for the purchase of an AMIV™ franchise by any of our directors, officers, employees, agents, or representatives (each, a "Representative").
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, Advanced Mobile IV, LLC DBA AMIV desires to verify information about the sales process and confirm any additional commitments or terms beyond those in the standard franchise agreement. This includes any oral statement, representation, promise, or assurance made during negotiations for the purchase of an AMIV franchise by any of their directors, officers, employees, agents, or representatives.
This verification process is documented in Franchise Disclosure Document Exhibit J, which serves as a confirmation of additional terms and representations. This exhibit clarifies that any representations made by Advanced Mobile Iv And Amiv's representatives are either ratified by inclusion in the agreement or disavowed by exclusion.
This addendum is not valid if the franchisee resides or the franchised business is located in Maryland. This verification process ensures that both parties are aligned on the terms of the agreement and any additional commitments made during the sales process, reducing the risk of misunderstandings or disputes later on.