For All States M.E.D., what is the franchisee agreeing to regarding the likelihood of success?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee represents that it has conducted an independent investigation of the business contemplated by this Agreement and acknowledges that, like any other business, an investment in an All
States M.E.D. Business involves business risks and that the success of the venture is dependent, among other factors, upon the business abilities and efforts of Franchisee. Franchisor makes no representations or warranties, express or implied, in this Agreement or otherwise, as to the potential success of the business venture contemplated hereby.
24.5 No Guarantee of Success
Franchisee represents and acknowledges that it has not received or relied on any guarantee, express or implied, as to the revenues, profits or likelihood of success of the Franchised Business. Franchisee represents and acknowledges that there have been no representations by Franchisor's officers, directors, employees or agents that are not contained in, or are inconsistent with, the statements made in the Franchise Disclosure Document or this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to the 2024 All States M.E.D. Franchise Disclosure Document, a franchisee acknowledges that investing in an All States M.E.D. Business involves business risks, similar to any other business venture. The success of the business is dependent on various factors, including the franchisee's own business abilities and efforts.
The franchisee confirms they have conducted an independent investigation of the business opportunity and are entering the agreement with this understanding. All States M.E.D. makes no express or implied representations or warranties regarding the potential success of the business.
Furthermore, the franchisee acknowledges that they have not received or relied on any guarantees, whether express or implied, about the potential revenues, profits, or likelihood of success of the franchised business. The franchisee also confirms that no representations have been made by All States M.E.D.'s officers, directors, employees, or agents that are inconsistent with the Franchise Disclosure Document or the Franchise Agreement.