Who is considered the 'PRINCIPAL' in the 'ACKNOWLEDGEMENT OF PRINCIPAL' section for an Alloy franchise?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
Schedule E to the Franchise Agreement
ACKNOWLEDGMENT ADDENDUM TO ALLOY FRANCHISE AGREEMENT
THIS ACKNOWLEDGEMENT ADDENDUM DOES NOT APPLY TO CANDIDATES LOCATED IN OR BUSINESSES TO BE LOCATED IN ANY OF THE FOLLOWING FRANCHISE REGISTRATION STATES: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI.
As you know, you and we are entering into a Franchise Agreement for the operation of an ALLOY franchise. Please review each of the following questions carefully and provide honest responses to each question.
**Acknowledgments and Representations
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 Alloy Franchise Disclosure Document, the 'ACKNOWLEDGEMENT ADDENDUM TO ALLOY FRANCHISE AGREEMENT' is a document that the franchisee must review and respond to honestly. This addendum is not applicable to candidates or businesses located in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin.
The addendum requires the franchisee to acknowledge and represent certain aspects of the franchise agreement. While the excerpt introduces the addendum and its purpose, it does not explicitly define who is considered the 'PRINCIPAL' within the context of the 'ACKNOWLEDGEMENT OF PRINCIPAL' section. The document focuses on the franchisee's acknowledgments and representations regarding the franchise agreement.
To fully understand who is considered the 'PRINCIPAL' in this section, a prospective Alloy franchisee should carefully review the complete Franchise Agreement and its addenda. It would be prudent to consult with a franchise attorney to clarify the specific roles and responsibilities outlined in the agreement, especially concerning acknowledgments and representations made by the franchisee.