Does Boulder Designs require the franchisee to confirm they have personally reviewed the disclosure document?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee agrees that no representations have been made to the Franchisee concerning this Agreement or the BOULDER DESIGNS franchise other than as contained in this Agreement and in the Franchise Disclosure Document Franchisee has received before the Franchisee signed this Agreement.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Boulder Designs's 2025 Franchise Disclosure Document, franchisees must acknowledge that they received the Franchise Disclosure Document (FDD) before signing the agreement. Specifically, Section 22.16 states that the franchisee agrees that no representations have been made concerning the agreement or the Boulder Designs franchise other than what is contained in the agreement and the FDD they received before signing.
This acknowledgement is a standard practice in franchising, intended to ensure that franchisees have had the opportunity to review the FDD, which contains important information about the franchise system, including fees, obligations, and risks. By acknowledging receipt of the FDD, the franchisee confirms they were given the chance to conduct due diligence and make an informed decision.
The inclusion of this clause aims to protect Boulder Designs from potential legal claims that a franchisee entered into the agreement without full knowledge of its terms. It reinforces the importance of the FDD as the primary source of information for prospective franchisees and emphasizes that any verbal representations not included in the FDD or franchise agreement should not be relied upon. This clause does not explicitly state that the franchisee confirms they have personally reviewed the disclosure document, only that they received it.