Who is responsible for ensuring the accuracy of the information in the 'ACKNOWLEDGEMENT OF PRINCIPAL' section of the Alloy franchise agreement?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
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)
According to the 2025 Alloy Franchise Disclosure Document, the franchisee is responsible for ensuring the accuracy of the information in the 'Acknowledgement Addendum' section of the Alloy franchise agreement. The franchisee must carefully review each question in the addendum and provide honest responses.
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. This suggests that Alloy may have specific legal requirements or disclosures for franchisees in those states that are handled separately.
By signing the Acknowledgment Addendum, the franchisee confirms that they understand the questions and have provided truthful answers, acknowledging their responsibilities and the terms of the franchise agreement. This process helps ensure that franchisees are fully aware of their obligations and the risks involved in operating an Alloy franchise.