Does the Afuri Ramen Dumpling agreement acknowledge that the parties have been represented by counsel?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
IN WITNESS, the parties have executed this Agreement on the date written above.
AFURI FRANCHISE INC. You (joint and severally): Acknowledged by Franchisee::
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, the Afuri Ramen Dumpling franchise agreement includes a signature line for the franchisee to acknowledge the agreement. However, the document does not explicitly state that the parties have been represented by counsel.
While the franchise agreement itself does not contain an explicit acknowledgement, it is standard practice and highly recommended that prospective franchisees seek legal counsel before signing any franchise agreement. This ensures they fully understand the terms, obligations, and potential risks involved.
Therefore, while the Afuri Ramen Dumpling agreement includes an acknowledgement section for the franchisee's signature, prospective franchisees should consult with an attorney to review the agreement and protect their interests, even though it is not explicitly mentioned in the agreement itself.