Does the Amorino franchisee acknowledge investigating the risks associated with operating the franchised business?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
erning documents, and have been duly authorized by all necessary corporate, company or partnership action, as applicable.
- (6) You acknowledge that you have conducted an independent investigation of the Amorino franchise opportunity, and recognize that the business venture contemplated by this Agreement involves business risks and that its success will be largely dependent on your ability as an independent businessperson.
- (7) Except for representations contained in Amorino's Franchise Disclosure Document provided to you in conjunction with this franchise offering, you represent that neither Amorino nor its agents or representatives have made any representations, and you have not relied on representations made by Amorino or its agents or representatives, concerning actual or potential gross revenues, expenses or profit of an Amorino Store.
- (8) You acknowledge that you have received a complete copy of Amorino's Franchise Disclosure Document at least 14 calendar days before you signed this Agreement or paid any consideration to Amorino for your franchise rights.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, franchisees acknowledge that they have conducted an independent investigation of the Amorino franchise opportunity. They also recognize that the business venture involves risks and that their success depends largely on their own abilities as independent businesspersons. This acknowledgement is part of the representations, warranties, and acknowledgements that the franchisee makes to Amorino.
This acknowledgement is significant because it confirms that the franchisee has not solely relied on Amorino's representations and has taken responsibility for evaluating the potential risks and rewards of the franchise. It also indicates that Amorino has provided the franchisee with sufficient information to make an informed decision, as evidenced by the franchisee's receipt of the Franchise Disclosure Document at least 14 days before signing the agreement.
Furthermore, the franchisee acknowledges that they have read and understood the terms of the franchise agreement and have had the opportunity to consult with an attorney or business advisor. This reinforces the idea that the franchisee has entered into the agreement with a full understanding of its implications and potential risks. This is a common clause in franchise agreements, intended to protect the franchisor from future claims that the franchisee was unaware of the risks involved.