Does Aw require the franchisee to affirm the truthfulness of information provided 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 the 2025 Aw Franchise Disclosure Document, franchisees must affirm that all information provided to Aw in applications, financial statements, and other submissions is true, complete, and accurate.
This acknowledgement is a standard practice in franchising. Aw relies on the information provided by prospective franchisees to assess their suitability. This includes evaluating their financial capacity and overall qualifications to operate a franchise.
The franchisee expressly acknowledges that Aw is relying upon the truthfulness, completeness, and accuracy of the information provided. This affirmation is part of the franchise agreement, highlighting its importance.
This requirement protects Aw from potential misrepresentations and ensures that franchisees are held accountable for the information they provide during the application process. It also underscores the importance of providing accurate and truthful information when seeking a franchise opportunity with Aw.