Does the Burros Fries franchisee acknowledge that any statements preceding the execution of the Burros Fries agreement are for informational purposes only?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
ing the restrictions which this Agreement places upon their right to transfer their respective interests in such entity as set forth in Section 22.
31. FURTHER REPRESENTATIONS AND WARRANTIES BY THE FRANCHISEE
Franchisee acknowledges and warrants that it has received a complete and final copy of this Agreement, our Disclosure Document and applicable exhibits, in a timely fashion as required; and that before signing this Agreement, Franchisee was given ample opportunity to review and examine our Disclosure Document and was furnished with copies of the documents. NO ORAL, WRITTEN OR VISUAL CLAIM OR STATEMENT THAT CONTRADICTS THE DISCLOSURE DOCUMENT WAS MADE.
**FRANCHISEE ACKNOWLEDGES THAT FRANCHISEE AND ALL OF ITS OWNERS, HAVE BEEN ADVISED TO HAVE THIS AGREEMENT AND ALL OTHER DOCUMENTS REVIEWED BY AN ATTORNEY AND THAT FRANCHISEE AND ITS OWNERS HAVE READ, UNDERS
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to the 2024 Burros Fries Franchise Disclosure Document, the franchisee acknowledges that no oral, written, or visual claim or statement that contradicts the disclosure document was made. This means that the franchisee agrees that the FDD and the franchise agreement contain the complete understanding between the franchisee and Burros Fries.
Furthermore, the franchisee acknowledges that they received the FDD and all applicable exhibits in a timely manner and had ample opportunity to review and examine it before signing the agreement. The franchisee also warrants that they were advised to have the agreement reviewed by an attorney and that they understood and agreed to each provision of the agreement.
This acknowledgement is a standard clause in franchise agreements. It is designed to protect Burros Fries from any claims by the franchisee that they were misled or given false information during the franchise sales process. It also reinforces that the franchisee entered the agreement freely and with adequate information.