Does the All States M.E.D. Franchisee Disclosure Questionnaire require me to acknowledge that the success of my franchise relies upon my ability as an independent business person?

Question

Accepted Answer

| Yes | No | l. | Have you received and personally reviewed the Franchise Agreement and each attachment or schedule attached to it?                                                                                                                                                                                          |
|-----|----|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Yes | No | 2. | Do you understand all the information contained in the Franchise Agreement? |
| Yes | No | 3. | Have you received and personally reviewed the Franchise Disclosure Document we provided? |
| Yes | No | 4. | Do you understand all the information contained in the Franchise Disclosure Document? |
| Yes | No | 5. | Have you reviewed the Franchise Disclosure Document and Franchise Agreement with a lawyer, accountant or other professional advisor? |
| Yes | No | 6. | Do you understand the risks of developing and operating this franchise? |
| Yes | No | 7. | Do you understand that your investment involves substantial business risks and that there is no guarantee that your business will be profitable? |
| Yes | No | 8. | Do you understand the success or failure of your franchise will depend in large part upon your skills, abilities and efforts and those of the persons you employ as well as many factors beyond your control such as competition, the economy, labor and supply costs and other relevant factors? |
| Yes | No | 9. | Do you acknowledge that the success of your franchise in large part relies upon your ability as an independent business person and your active participation in the day to day operation of the business? |

Source: Item 23 — RECEIPTS (FDD pages 44–174)

Does the All States M.E.D. Franchisee Disclosure Questionnaire require me to acknowledge that the success of my franchise relies upon my ability as an independent business person?

Answer from 2024 FDD Document

What This Means (2024 FDD)

Yes	No	l.	Have you received and personally reviewed the Franchise Agreement and each attachment or schedule attached to it?
Yes	No	2.	Do you understand all the information contained in the Franchise Agreement?
Yes	No	3.	Have you received and personally reviewed the Franchise Disclosure Document we provided?
Yes	No	4.	Do you understand all the information contained in the Franchise Disclosure Document?
Yes	No	5.	Have you reviewed the Franchise Disclosure Document and Franchise Agreement with a lawyer, accountant or other professional advisor?
Yes	No	6.	Do you understand the risks of developing and operating this franchise?
Yes	No	7.	Do you understand that your investment involves substantial business risks and that there is no guarantee that your business will be profitable?
Yes	No	8.	Do you understand the success or failure of your franchise will depend in large part upon your skills, abilities and efforts and those of the persons you employ as well as many factors beyond your control such as competition, the economy, labor and supply costs and other relevant factors?
Yes	No	9.	Do you acknowledge that the success of your franchise in large part relies upon your ability as an independent business person and your active participation in the day to day operation of the business?