Does the Disclosure Acknowledgement Statement for Brueggers Bagels require the licensee to acknowledge they had the opportunity to consult with advisors?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
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's 2025 Franchise Disclosure Document, the licensee must acknowledge that Brueggers Bagels permitted them ample time and opportunity to consult with advisors of their own choosing. This acknowledgement specifically pertains to the potential benefits and risks associated with operating a Brueggers Bagels restaurant license and entering into a License Agreement.
This requirement ensures that the prospective franchisee is aware of the importance of seeking professional advice before making a final decision. By acknowledging this opportunity, the franchisee confirms they were not pressured into signing the agreement without proper consultation. This protects both the franchisee and Brueggers Bagels by demonstrating that the franchisee entered the agreement with informed consent.
It is a common practice in the franchise industry for franchisors to include such acknowledgements in their disclosure documents. This practice aims to promote transparency and ensure that franchisees are fully aware of the risks and benefits involved in the franchise opportunity. Prospective franchisees should take this acknowledgement seriously and use the opportunity to consult with legal, financial, and business advisors to make an informed decision about investing in a Brueggers Bagels franchise.