What is the franchisee acknowledging regarding the terms, conditions, and covenants contained in the Afuri Ramen Dumpling franchise agreement?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
- 6.7.2 Your Acknowledgments.
You acknowledge and confirm that the time, content and geographical restrictions contained in this Section are fair and reasonable.
They are not the result of overreaching, duress, or coercion of any kind by us.
You further acknowledge and confirm that your observance of the covenants contained in this Agreement will not cause you any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained in this Agreement will not impair your ability to obtain employment commensurate with your abilities and on terms fully acceptable to you, or otherwise to obtain income required for the comfortable support of your family and the satisfaction of your creditors.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, franchisees acknowledge specific aspects of the non-compete agreement. They confirm that the time, content, and geographical restrictions within the agreement are fair and reasonable, and not a result of overreach, duress, or coercion by Afuri Ramen Dumpling.
Furthermore, franchisees acknowledge that adhering to the covenants in the agreement will not cause undue financial or other hardships. They also confirm that enforcing these covenants will not impair their ability to find suitable employment or obtain income to support their family and creditors.
This acknowledgment is a standard legal protection for franchisors. It aims to prevent franchisees from later claiming the agreement is unfair or unenforceable. Prospective Afuri Ramen Dumpling franchisees should carefully review these restrictions and ensure they understand the implications before signing the agreement. It is advisable to seek legal counsel to fully understand the scope and impact of these covenants.