Does the Bumper Man Franchise Agreement require franchisees to have personally reviewed the Franchise Agreement and its exhibits?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| You understand the information contained in the FDD. |
|---|
| You received and personally reviewed the Franchise Agreement and each |
| exhibit attached to it. |
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, franchisees are expected to confirm they have personally reviewed the Franchise Agreement and its exhibits. Specifically, Exhibit H to the FDD, the Franchisee Questionnaire, includes an item where the franchisee acknowledges they received and personally reviewed the Franchise Agreement and each exhibit attached to it. This questionnaire is not used if the franchise is to be operated in, or the franchisee is a resident of, California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin.
This acknowledgement is part of a broader set of confirmations within the Franchisee Questionnaire. These confirmations cover understanding the FDD, financial obligations, risks, and the fact that no earnings claims outside the FDD have been made. By signing this questionnaire, a prospective Bumper Man franchisee is essentially stating they have done their due diligence and are entering the agreement with a clear understanding of its terms and associated risks.
For prospective franchisees, this requirement underscores the importance of carefully examining all aspects of the Franchise Agreement and its exhibits before signing. It also highlights the need to seek professional advice from attorneys, accountants, or other advisors to fully grasp the implications of the agreement. The exclusion of certain states from this requirement suggests that Bumper Man may have tailored its approach to comply with specific state franchise laws, which often have their own disclosure and acknowledgement requirements.