For Canine Dimensions, what is the franchisee acknowledging when they confirm they have not received and personally reviewed the Franchisor's Disclosure Document?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
As you know, Canine Dimensions Franchising, LLC (the "Franchisor") and you are preparing to enter into a franchise agreement (the "Franchise Agreement") for the establishment and operation of a Canine Dimensions Business (the "Franchised Business"). The purpose of this Questionnaire is to determine whether any statements or promises were made to you by employees or authorized representatives of the Franchisor, or by employees or authorized representatives of a broker acting on behalf of the Franchisor ("Broker") that have not been authorized, or that were not disclosed in the Disclosure Document or that may be untrue, inaccurate or misleading. The Franchisor, through the use of this document, desires to ascertain: (a) that the undersigned, individually and as a representative of any legal entity established to acquire the franchise rights, fully understands and comprehends that the purchase of a franchise is a business decision, complete with its associated risks, and (b) that you are not relying upon any oral statement, representations, promises or assurances during the negotiations for the purchase of the franchise which have not been authorized by Franchisor.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 33–35)
What This Means (2025 FDD)
Based on the 2025 Canine Dimensions Franchise Disclosure Document, the document includes a Franchisee Disclosure Acknowledgment Statement. This statement is designed for Canine Dimensions to confirm that prospective franchisees understand that buying a franchise is a business decision with risks. It also confirms that franchisees are not relying on unauthorized oral statements made during negotiations.
Specifically, the questionnaire aims to verify that franchisees understand the purchase of a franchise involves business risks and that their success depends on various factors, including their skills, competition, and economic conditions. By signing the questionnaire, franchisees confirm they are not basing their decision on any oral representations, assurances, or promises made by Canine Dimensions or its agents, except as contained in the Disclosure Document. They also acknowledge that they have not received any unauthorized information regarding potential sales, profits, or earnings.
Furthermore, the questionnaire includes a series of "yes" or "no" questions about whether the franchisee has received and understood the Disclosure Document, discussed the business with advisors, and been given any information contradicting the Disclosure Document. The franchisee is required to provide explanations if they answer negatively to certain questions, ensuring that Canine Dimensions has a record of any potential discrepancies or misunderstandings.