Does Bumble Roofing advise franchisees to obtain independent legal and accounting advice regarding the franchise agreement?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee, and its shareholders and partners, as applicable, jointly and severally acknowledge that they have carefully read this Agreement and all other related documents to be executed concurrently or in conjunction with the execution hereof, that they have obtained the advice of counsel in connection with entering into this Agreement, that they understand the nature of this Agreement, and that they intend to comply herewith and be bound hereby.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, franchisees, shareholders, and partners must acknowledge that they have carefully read the agreement and related documents. Furthermore, they acknowledge that they have obtained advice from counsel regarding the agreement, understand its nature, and intend to comply with its terms. This acknowledgment signifies that Bumble Roofing emphasizes the importance of franchisees seeking independent legal counsel before entering into the franchise agreement.
This requirement ensures that franchisees fully understand their rights, obligations, and the potential risks associated with the franchise. By obtaining legal advice, prospective franchisees can make informed decisions and avoid misunderstandings or disputes later on. This also protects Bumble Roofing by ensuring franchisees enter the agreement with a clear understanding of its terms.
While the acknowledgment specifically mentions obtaining advice from counsel, it does not explicitly state that franchisees should obtain independent accounting advice. However, it is common practice in franchising for prospective franchisees to seek both legal and financial advice to fully assess the business opportunity. Therefore, while not mandated in this section, consulting with an accountant would be a prudent step for any prospective Bumble Roofing franchisee.