What is the exhibit letter for the Franchisee Disclosure Acknowledgement Statement for Buns On Fire?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
SMYA VENTURES LLC
EXHIBIT "G" FRANCHISEE DISCLOSURE ACKNOWLEDGMENT STATEMENT
SMYA Ventures LLC (the "Franchisor") and you are preparing to enter into a Franchise Agreement for the establishment and operation of a Buns on Fire restaurant (the "Franchised Business"). The purpose of this Questionnaire is to make sure you have received the information necessary and have had the opportunity to review and consider such information.
For franchisees and franchises that are subject to the state franchise disclosure laws in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington or Wisconsin, this questionnaire is not intended and does not constitute waiver of any claims under any applicable state franchise law, including fraud in the inducement; or a disclaimer of any reliance on any statement made by any person acting on behalf of the Franchisor.
Source: Item 22 — CONTRACTS (FDD pages 48–49)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, the Franchisee Disclosure Acknowledgment Statement is identified as Exhibit G. This exhibit is a questionnaire designed to confirm that the prospective franchisee has received and had the opportunity to review all necessary information before entering into a franchise agreement with Buns On Fire.
For franchisees in states with franchise disclosure laws such as California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin, the questionnaire does not act as a waiver of any claims under state franchise law. This includes claims related to fraud in the inducement or reliance on statements made by the franchisor. This ensures that franchisees in these states retain their legal rights and protections.
It is important for prospective Buns On Fire franchisees to carefully review Exhibit G and understand its implications. Completing the questionnaire accurately and honestly is essential to ensure that both the franchisee and franchisor are aligned and that the franchisee has a clear understanding of the franchise opportunity. Franchisees should consult with legal counsel to fully understand their rights and obligations, especially in states with specific franchise laws.