When investing in a Brueggers Bagels franchise, what acknowledgement is required from the individual or business entity ('you')?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
may be available. If BFC files a claim to enforce this Agreement and prevails in such proceeding, you agree to reimburse BFC for all its costs and expenses, including reasonable attorneys' fees.
[signature page follows]
OWNERS OF LICENSEE: If any Owner of Licensee is another business entity: If an Individual: Name of entity Type of Business entity: Print name State of Organization: Print name: Print name Shareholders/partners/members of Business Entity named immediately above: Print name Print name: Date: Spouse: Print name: Print name: Date: Spouse: Print name: (add additional pages if necessary)
EXHIBIT G TO LICENSE AGREEMENT
DISCLOSURE ACKNOWLEDGEMENT STATEMENT
| Disclosure Acknowledgement | Statement, | wishes to | ascertain | that | |
|---|---|---|---|---|---|
| ("Licensee") and its owners fully understand that the | execution of a License Agreement | ||||
| for a license to own and operate a BRUEGGER'S BAGELS restaurant is a business decision, | |||||
| complete with associated risks, and that it is our policy to verify that Licensee 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 Licensee and each of its owners. |
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.
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- You acknowledge that you will independently evaluate and investigate the proposed site(s) for each BRUEGGER'S BAGELS restaurant and the lease or purchase agreement for the site(s). You acknowledge that you bear primary responsibility for selecting the site(s) and negotiating the terms and conditions of your lease(s), sublease(s) or purchase agreement(s) for the site(s).
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- You acknowledge that, although we will provide you with basic drawings and specifications for a BRUEGGER'S BAGELS restaurant, will specify certain furniture, fixtures and equipment, and will maintain certain rights of review and/or approval under our License Agreement with you, we have not made, and you have not received or
relied upon any warranty concerning the BRUEGGER'S BAGELS restaurant(s) or the drawings, specifications, furniture, fixtures and equipment. You acknowledge that you are solely responsible for, and we will have no liability or obligation in connection with, the plans or the construction or conversion remodeling of the BRUEGGER'S BAGELS restaurant(s). You acknowledge that it is solely your responsibility to insure that the construction or conversion remodeling complies with any and all laws, codes or regulations.
5.
Source: Item 22 — CONTRACTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, as a prospective franchisee, you must acknowledge several key aspects of the franchise agreement and the business venture. You must recognize the inherent business risks associated with owning and operating a Brueggers Bagels restaurant, understanding that success depends on various factors, including your skills, competition, economic conditions, and location. You also acknowledge that these factors can change over time and that you are willing to undertake these risks.
Furthermore, you must acknowledge that you received the Franchise Disclosure Document (FDD) at least 14 days before signing the License Agreement or paying any money for the license. This acknowledgement confirms that you had ample time to review the FDD, the License Agreement, and their attachments, and to consult with advisors about the potential benefits and risks. You also acknowledge your responsibility to independently evaluate and investigate potential sites for the Brueggers Bagels restaurant and to negotiate the lease or purchase agreements for those sites.
Additionally, the FDD states that individuals with legal or beneficial ownership interests are required to be personally bound by the Licensee's obligations. This includes, but is not limited to, restrictions on competition, confidentiality obligations, and dispute resolution provisions. If a business entity is signing the agreement, all individuals with a legal or beneficial ownership interest in that entity must also execute the agreement. If these owners reside in a community property state, their spouses may also be required to sign a Confidentiality and Non-Competition Agreement. By signing, you agree not to use confidential information gained through the franchise for any other business purposes, to maintain the confidentiality of this information, and to return it if you cease to have an interest in the franchise.