For Card My Yard, is it required that the Franchise Agreement and its attachments be personally reviewed?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (1) You acknowledge having received our franchise disclosure document (a) at least fourteen (14) days before signing a binding agreement or making any payment to us, or (b) if applicable, by the time required by your state's law.
You acknowledge that this Agreement contains no changes from the form of franchise agreement attached to our franchise disclosure document other than changes made with your knowledge and pursuant to negotiations between you and us.
You further acknowledge that you have read this Agreement and our franchise disclosure document and that you understand the terms of this Agreement and accept them as being reasonably necessary for us to maintain the uniformity of Card My Yard businesses and to protect the goodwill of the Marks and the integrity of the System.
- (2) You have conducted an independent investigation of the business contemplated by this Agreement and recognize that an investment in a Card My Yard business involves business risks; that your success is largely dependent on your own abilities and efforts; and that the nature of Card My Yard businesses may change over time.
You have not received or relied on any guaranty or assurance, express or implied, as to the revenues, profits or success of the business contemplated by this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, a prospective franchisee must acknowledge that they have received the Franchise Disclosure Document (FDD) at least 14 days before signing a binding agreement or making any payment to Card My Yard, or by the time required by their state's law, if applicable. The franchisee must also acknowledge that the Franchise Agreement contains no changes from the form attached to the FDD, except for changes made with their knowledge and through negotiations with Card My Yard.
Furthermore, the franchisee must acknowledge that they have read the Franchise Agreement and the FDD, understanding and accepting the terms as reasonably necessary for maintaining uniformity across Card My Yard businesses and protecting the goodwill of the brand and the integrity of the system. This indicates that a franchisee is expected to review and understand the agreement and its attachments.
Additionally, the document states that the franchisee has conducted an independent investigation of the business and recognizes the risks involved, understanding that their success depends on their abilities and efforts, and that the nature of Card My Yard businesses may evolve. The franchisee also confirms that they have not relied on any guarantees or assurances regarding revenues, profits, or the success of the business. This reinforces the importance of personal review and due diligence before entering into the agreement.