According to Brueggers Bagels, what is the purpose of the Disclosure Acknowledgement Statement?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| BRUEGGER'S FRANCHISE CORPORATION ("we" or "us"), through the use of this Disclosure |
|---|
| Acknowledgement Statement, wishes to ascertain that |
| ("Developer") and its owners fully understand that the execution of a Development Agreement and/or |
| Franchise Agreement (the "Agreement") for a franchise to own and operate a Bruegger's, is a business |
| decision, complete with associated risks, and that it is our policy to verify that Developer and its owners |
| are not relying upon any oral, written or visual statements, representations, promises or assurances |
| which we have not authorized. In this document, "you" means Developer and each of its owners. |
Source: Item 22 — CONTRACTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the Disclosure Acknowledgement Statement serves to confirm that the prospective developer or licensee understands that entering into a Development Agreement, Franchise Agreement, or License Agreement with Brueggers Bagels is a business decision carrying inherent risks. Brueggers Bagels uses this statement to verify that the developer or licensee is not depending on any unapproved statements, representations, promises, or assurances that have not been officially authorized by the company.
By signing this statement, the developer or licensee acknowledges their understanding of the business risks involved in owning and operating a Brueggers Bagels franchise. These risks include factors like the franchisee's skills, competition, interest rates, economic conditions, inflation, location, operational costs, and lease terms. The franchisee also confirms they have conducted their own independent investigation into the business venture and are willing to accept the associated risks.
Furthermore, the Disclosure Acknowledgement Statement confirms that the franchisee received the Franchise Disclosure Document (FDD) at least 14 days before signing any agreements or paying any fees. It also verifies that the franchisee had the opportunity to review and understand the FDD, the agreement, and any attachments, and that they were given ample time to consult with advisors regarding the potential benefits and risks. This acknowledgement protects Brueggers Bagels by ensuring franchisees are fully informed and aware of the terms and risks before committing to the franchise.