Does the Bumble Roofing franchise agreement require you to acknowledge that you understand the information in 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 the 2025 Bumble Roofing Franchise Disclosure Document, franchisees are required to acknowledge that they have carefully read and understand the franchise agreement and related documents. This acknowledgment includes confirming that they have sought legal counsel, understand the agreement's nature, and intend to comply with its terms. This acknowledgment is documented in a written form that the franchisee, its shareholders, and partners must sign.
In addition to the general acknowledgment, Bumble Roofing also uses an Acknowledgment Addendum to ensure franchisees understand specific aspects of the franchise offering. This addendum includes a questionnaire designed to determine if any unauthorized statements or promises were made during the franchise sales process. The questionnaire also aims to confirm the franchisee's understanding of the limitations on claims related to the franchise and business operation.
However, the Acknowledgment Addendum does not apply to franchisees who intend to operate in California, Maryland, or Washington. Franchisees in these states are instructed not to complete the questionnaire. By signing the addendum, franchisees confirm they have carefully considered each question and responded truthfully, with Bumble Roofing relying on these answers. This process helps Bumble Roofing ensure that franchisees are fully informed and aware of the terms and conditions of their franchise agreement, reducing potential misunderstandings or disputes later on.