In the Bang Cookies franchise agreement, what is the significance of the recitals and representations?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
WHEREAS, this Agreement is not an employment agreement and is only a confidentiality agreement in connection with information, materials and access that may be provided to you in connection with the Bang Cookies Business.
NOW THEREFORE, you acknowledge and agree as follows:
- 1. Recitals and Representations. You agree that the foregoing Recitals and Representations are true and accurate and shall constitute a part of this Agreement and are hereby incorporated into the main body of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the recitals and representations outlined in the franchise agreement are considered true and accurate and are incorporated into the main body of the agreement. These recitals and representations are significant because they establish the foundation and understanding upon which the agreement is based.
Specifically, the recitals section of the Bang Cookies franchise agreement outlines the franchisor's developed distinctive and proprietary system for operating a Bang Cookies shop, including the use of trademarks, trade dress, service offerings, and operating procedures. It also acknowledges the franchisee's desire to obtain a license to use this system. The representations, along with the recitals, are acknowledged by the franchisee as true and are integrated into the agreement, binding the franchisee to the conditions and understandings outlined within them.
For potential Bang Cookies franchisees, this means that by signing the franchise agreement, they are also affirming the truthfulness and accuracy of the recitals and representations. These sections define key terms, the scope of the franchise, and the obligations of both parties. Any disputes or interpretations of the agreement will likely refer back to these recitals and representations to establish the original intent and understanding of the parties involved. Therefore, it is crucial for franchisees to carefully review and understand these sections before signing the agreement.