What acknowledgement does the developer make regarding the Brueggers Bagels Franchise Disclosure Document and the agreement?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
You make the following representations to us, and we rely on them in granting you a license. If any statement is not correct, or if you are aware of exceptions to them, note them after #9 below.
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- You recognize and understand that business risks which exist in connection with the ownership, development and operation of any business make the success or failure of the BRUEGGER'S BAGELS restaurant license subject to many variables, including your skills and abilities, competition, interest rates, the economy, inflation, location(s), operation, labor and supply costs, lease terms and costs and the marketplace. Further, you understand that the economic and business factors that exist at the time you open your license may change. You acknowledge that you have conducted an independent investigation of the business venture contemplated by the License Agreement and recognize that the success of the venture involves substantial business risk and will be dependent primarily on your ability as an independent businessperson. You hereby acknowledge your willingness to undertake these business risks.
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- You acknowledge that you received our Franchise Disclosure Document ("FDD") at least 14 days prior to the date you executed the License Agreement or paid us any money for the license. You acknowledge that you have received, had the opportunity to personally read and review, and understand the FDD, License Agreement and attachments. You acknowledge that we have permitted you ample time and opportunity to consult with advisors of your own choosing about the potential benefits and risks associated with operating a BRUEGGER'S BAGELS restaurant license and entering into a License Agreement.
Source: Item 22 — CONTRACTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the developer acknowledges several key aspects related to the Franchise Disclosure Document (FDD) and the agreements they enter into. This acknowledgement is a formal representation made to Brueggers Bagels, upon which the company relies when granting a license or entering into an agreement. The developer confirms they have received the FDD at least 14 days before signing any agreement or paying any fees. This 14-day period is mandated by the FTC's Franchise Rule. They also confirm they have had the opportunity to read, review, and understand the FDD, the specific agreement (whether a Franchise Agreement or License Agreement), and any attachments.
Furthermore, the developer acknowledges that Brueggers Bagels has provided them with sufficient time and opportunity to consult with their own advisors regarding the potential benefits and risks of operating a Brueggers Bagels franchise. This includes seeking advice from legal, financial, and business professionals. This acknowledgement underscores the importance of independent due diligence and ensures that the developer is not solely relying on information provided by Brueggers Bagels. By signing these acknowledgements, the developer confirms they are making an informed decision and are aware of the commitments they are undertaking.
These acknowledgements serve to protect Brueggers Bagels from future claims that the developer was not fully informed or did not understand the terms of the franchise agreement. It reinforces the understanding that the developer has conducted their own investigation, understands the risks involved, and has had ample opportunity to seek independent advice. This is a standard practice in franchising to ensure both parties enter the agreement with a clear understanding of their rights and responsibilities.