Does the Benihana Statement of Prospective Franchisee ask about agreements?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT F TO BENIHANA NATIONAL CORP. FRANCHISE DISCLOSURE DOCUMENT
STATEMENT OF PROSPECTIVE FRANCHISEE
[TO BE COMPLETED BY ALL FRANCHISEES & GUARANTORS BEFORE SIGNING FRANCHISE AGREEMENT OR ANY EXHIBITS TO THE FRANCHISE AGREEMENT]
As you know, you and Benihana National Corp. ("BNC") are preparing to enter into a Franchise Agreement for the establishment and operation of a BENIHANA® Restaurant. The purpose of this Questionnaire is to determine whether any statements or promises were made to you by any BNC employee or representative that BNC has not authorized and that may be untrue, inaccurate, or misleading. Please review each of the following questions carefully and provide honest and complete responses to each question. The answers you provide in this Questionnaire are material to BNC, and BNC is relying on all such answers in agreeing to enter into a franchise relationship with you.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to the 2024 Benihana Franchise Disclosure Document, Exhibit F includes a Statement of Prospective Franchisee. This statement is completed by all franchisees and guarantors before signing the Franchise Agreement or any exhibits to the agreement. Benihana uses this questionnaire to determine if any unauthorized statements or promises were made by any Benihana employee or representative that may be untrue, inaccurate, or misleading.
Benihana emphasizes that the answers provided in this questionnaire are material and that Benihana relies on these answers when agreeing to enter into a franchise relationship. This highlights the importance of honesty and completeness when filling out the questionnaire.
Prospective franchisees should carefully review and answer all questions in the Statement of Prospective Franchisee to ensure that all information is accurate and complete. This helps protect both the franchisee and Benihana by ensuring a clear understanding of the terms and conditions of the franchise agreement.