Are Bumble Roofing franchisees required to confirm they have carefully studied and reviewed the disclosure document and 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 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 responsibilities under the franchise agreement. By signing the acknowledgment, franchisees confirm they have sought legal counsel, understand the agreement's nature, and commit to adhering to its terms. This step is crucial for minimizing future disputes and ensuring a clear understanding between Bumble Roofing and its franchisees.
Furthermore, Bumble Roofing uses an Acknowledgment Addendum to determine if unauthorized statements or promises were made and to ensure franchisees understand the limitations on claims related to the franchise. However, this addendum does not apply to franchisees operating in California. This addendum reinforces the importance of franchisees understanding the scope and limitations of the franchise offering before committing to the agreement.