What information must be printed on the Buona Franchise Acknowledgement Questionnaire?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
inal Italian Beef Franchising, LLC (we" or "us"), and you are preparing to enter into a Franchise Agreement for the operation of a Buona Franchise. You cannot sign or date this Questionnaire the same day as the Receipt for the Franchise Disclosure Document but you must sign and date it the same day you sign the Franchise Agreement. Please review each of the following questions carefully and provide honest responses to each question. If you answer "No" to any of the questions below, please explain your answer on the next page.
| l. | Yes | No | Have you received the completed Franchise Agreement and each exhibit attached to it? |
|---|---|---|---|
| 2. | Yes | No | Have you received the Franchise Disclosure Document we provided? |
| 3. | Yes | No | If you are purchasing a Buona/Rainbow Cone Dual Brand franchise, did you also receive the Five Flavors Franchising, LLC Franchise Disclosure Document? |
| 4. | Yes | No | Did you sign a receipt for the Franchise Disclosure Document (or both of them) indicating the date you received it? |
| 5. | Yes | No | Did the receipt for the Franchise Disclosure Document identify the franchise sellers with which you have had discussions about the franchise opportunity? |
| 6. | Yes | No | If you are entering into an Area Development Agreement, have you received the completed Area Development Agreement and each exhibit? |
| 7. | Yes | No | Have you spoken with existing Buona franchisees about the Buona Business? |
| 8. | Yes | No | Have you conducted an independent investigation of a Buona Business? |
| 9. | Yes | No | Do you understand all disputes or claims you may have arising out of or relating to the Franchise Agreement must be arbitrated in Illinois, if not resolved informally or by mediation? |
| 10. | Yes | No | Do you understand that you must satisfactorily complete the initial training course before we will allow your franchised business to open or consent to a transfer? |
| Signature of Franchise Applicant | Signature of Franchise Applicant | ||
| ---------------------------------- | ------------------------------------------------------------------- | ||
| Name (please print) | Name (please print) | ||
| Date | Date | ||
| EXPLANATION OF ANY NEGATIVE RESPONSES (REFER TO QUESTION NUMBER): | |||
| Questionnaire Number | Explanation of Negative Response | ||
E-2
EXHIBIT F TABLE OF CONTENTS FOR OPERATIONS MANUAL
| SECTION A: INTRODUCTION
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the Franchise Acknowledgement Questionnaire requires several pieces of information from the prospective franchisee. The franchisee must indicate whether they have received the completed Franchise Agreement and its exhibits, the Franchise Disclosure Document (FDD), and, if applicable, the Five Flavors Franchising, LLC Franchise Disclosure Document for a Buona/Rainbow Cone Dual Brand franchise. They also need to confirm if they signed a receipt for the FDD, whether the receipt identified franchise sellers they had discussions with, and if they received the Area Development Agreement and its exhibits, if applicable.
The questionnaire also asks if the franchisee has spoken with existing Buona franchisees and conducted an independent investigation of a Buona Business. Furthermore, it requires acknowledgement that any disputes must be arbitrated in Illinois and that the initial training course must be satisfactorily completed before opening the franchised business. The franchisee must sign and date the questionnaire, providing their printed name. There is also space to explain any negative responses to the questions. Finally, the questionnaire includes a space for the questionnaire number.
It is important to note that prospective franchisees who reside in or intend to operate the franchised business in California are instructed not to complete the questionnaire or respond to any of its questions. This suggests that California franchise law may have specific requirements or regulations that necessitate a different approach to franchisee acknowledgement. This questionnaire is designed to ensure that franchisees have received and understood key documents and information before entering into a franchise agreement with Buona.
By completing this questionnaire, Buona aims to confirm that franchisees have conducted due diligence and are aware of their rights and obligations. The inclusion of questions about communication with existing franchisees and independent investigation underscores the importance of informed decision-making. The acknowledgement of arbitration location and training requirements further clarifies the franchisee's responsibilities and the operational aspects of the franchise agreement.