Does the Bumble Roofing franchise agreement require you to acknowledge that you have studied the disclosure document?
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 are required to acknowledge that they have carefully read the Franchise Agreement and all related documents. This acknowledgment extends to shareholders and partners, who must jointly and severally confirm their understanding and intent to comply with the agreement.
This requirement ensures that franchisees are fully aware of their obligations, rights, and the terms of the franchise agreement before entering into the business relationship. By signing the agreement, franchisees confirm they have sought legal counsel, understand the agreement's nature, and intend to adhere to its conditions.
Bumble Roofing also includes an Acknowledgment Addendum to the Franchise Agreement, which aims to determine if any unauthorized statements or promises were made during the franchise sales process. Franchisees must answer a series of questions and represent that they have carefully considered each question and responded truthfully. However, this addendum does not apply to franchisees who intend to operate in California, Maryland, or Washington.
These acknowledgments are crucial for Bumble Roofing to ensure franchisees are informed and understand their commitments. It also protects Bumble Roofing by confirming that franchisees have not relied on any representations outside of the official documents. Franchisees should take these acknowledgments seriously and seek legal advice to fully understand their implications.