Does the Aplus Franchisee Disclosure Questionnaire require the franchisee to confirm they have reviewed the Franchise Agreement?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| [PLEASE RESPOND WITH YES OR NO TO EACH QUESTION BELOW] |
|---|
| 1. |
| Have you received and personally reviewed Sunoco Retail LLC Franchise Agreement and each |
| exhibit, addendum and schedule attached to it? |
| 2. |
| Do you understand all of the information contained in the Franchise Agreement and each exhibit |
| and schedule attached to it? |
| If "No", what parts of the Franchise Agreement do you not understand? (Attach additional pages, if |
| necessary.) |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the Franchisee Disclosure Questionnaire does require the franchisee to confirm they have reviewed the Franchise Agreement. The questionnaire asks specific questions to determine if the prospective franchisee has reviewed and understands the Aplus Franchise Agreement and its related documents.
Specifically, the questionnaire asks if the franchisee has received and personally reviewed the Aplus Franchise Agreement and all exhibits, addenda, and schedules attached to it. It also asks if the franchisee understands all the information contained within these documents. If the franchisee answers "No" to understanding the information, they are prompted to explain which parts of the Franchise Agreement they do not understand.
This requirement ensures that prospective Aplus franchisees are fully informed about the terms and conditions of the franchise agreement before entering into the agreement. It also serves as a documented confirmation that the franchisee had the opportunity to review and understand the legal obligations and potential risks associated with the Aplus franchise.