What affirmation does the franchisee make regarding the information provided to Aw in applications and financial statements?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
- 20.3 You affirm that all information you have given to us in any and all applications, financial statements and other submissions is true, complete and accurate in all respects, with you
expressly acknowledging that we are relying upon the truthfulness, completeness and accuracy of such information.
Source: Item 22 — CONTRACTS (FDD pages 39–40)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, franchisees affirm that all information provided to Aw in applications, financial statements, and other submissions is true, complete, and accurate in all respects. This acknowledgement confirms that Aw relies on the truthfulness, completeness, and accuracy of the information provided by the franchisee.
This affirmation is a critical component of the franchise agreement, as Aw uses this information to evaluate the franchisee's suitability and financial capability. Providing false or misleading information could have serious consequences, potentially leading to legal issues or termination of the franchise agreement.
Prospective Aw franchisees should ensure that all information they provide during the application process is thoroughly reviewed and verified for accuracy. This includes financial statements, personal information, and any other documentation requested by Aw. By signing the franchise agreement, the franchisee acknowledges their responsibility for the truthfulness and completeness of the information provided, reinforcing the importance of transparency and honesty in the franchise relationship.