For All States M.E.D., what is the franchisee representing by truthfully responding to the questions?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
| Yes | No | 10. | Do you agree that no employee or other person speaking on our behalf has made any statement, promise, or agreement, that is contrary to or different from what is stated in the Franchise Disclosure Document and Franchise Agreement? |
|---|---|---|---|
| Yes | No | 11. | Do you agree that no employee or other person speaking on our behalf |
| made any statement or promise regarding the actual, average or | |||
| projected profits or earnings, the likelihood of success, the amount of | |||
| money you may earn, or the total amount of revenue you will generate, | |||
| that is not contained in Item 19 of the Franchise Disclosure Document | |||
| or that is contrary to, or different from, the information contained in | |||
| Item 19 of the Franchise Disclosure Document, and that you have not | |||
| made a decision to purchase your franchise based on any such | |||
| representations? | |||
| Yes | No | 12. | Do you understand that the Franchise Agreement and attachments to the |
| Franchise Agreement contain the entire agreement between us and you | |||
| concerning this franchise, meaning any prior oral or written statements | |||
| not set out in the Franchise Agreement or the attachments to the | |||
| Franchise Agreement will not be binding? | |||
| All representations requiring prospective franchisees to assent to a release, estoppel or | |||
| waiver of any liability are not intended to nor shall they act as a release, estoppel or waiver of any | |||
| liability incurred under the Maryland Franchise Registration and Disclosure Law | |||
| or Washington | |||
| Franchise Investment Protection Act. | |||
| connection with the franchise. | No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in | ||
| connection with the commencement of the franchise relationship shall have the effect of (i) waiving | |||
| any claims under any applicable state franchise law, including fraud in the inducement, or (ii) | |||
| disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting | |||
| on behalf of the franchisor. This provision supersedes any other term of any document executed in | |||
| questions. | By signing below, you are representing that you have responded truthfully to the above |
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, by truthfully responding to the provided questions, the franchisee is confirming the accuracy of their statements and understanding of the franchise agreement. Specifically, the franchisee is agreeing that no employee or person acting on behalf of All States M.E.D. has made statements that contradict the Franchise Disclosure Document or Franchise Agreement.
Furthermore, the franchisee confirms that no representations were made regarding potential profits, earnings, or success likelihoods that are not included in Item 19 of the FDD or that contradict the information provided in Item 19. This acknowledgement is crucial, as it establishes that the franchisee's decision to purchase the franchise is not based on any external or unverified claims. The franchisee also acknowledges that the Franchise Agreement and its attachments constitute the entire agreement between All States M.E.D. and the franchisee, meaning that any prior oral or written statements not included in these documents are non-binding.
This representation protects All States M.E.D. from potential legal disputes arising from misunderstandings or reliance on unofficial information. It also ensures that the franchisee has a clear understanding of the terms and conditions of the franchise agreement, as well as the risks and potential rewards associated with the business. However, the document also states that these representations do not act as a waiver of any liability incurred under the Maryland Franchise Registration and Disclosure Law or Washington Franchise Investment Protection Act.