When signing the questionnaire, is the Card My Yard franchisee representing that they have carefully considered the questions?
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.
- (3) You understand and agree that we may operate and change theSystem and our business in any manner that is not expressly and specifically prohibited by this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to the 2025 Card My Yard Franchise Disclosure Document, when signing the franchise agreement, the franchisee acknowledges several key points regarding their investigation and understanding of the franchise. Specifically, the franchisee confirms they received the FDD at least 14 days before signing any binding agreement or making payments, or by the time required by their state's law. This acknowledgment ensures the franchisee had adequate time to review the document.
Furthermore, the franchisee agrees that the franchise agreement contains no changes from the standard form, except those made with their knowledge and through negotiations with Card My Yard. The franchisee also acknowledges reading and understanding the franchise agreement and the FDD, accepting the terms as reasonably necessary to maintain uniformity across Card My Yard businesses, protect the brand's goodwill, and uphold the integrity of the system.
Additionally, the franchisee represents that they conducted an independent investigation of the business opportunity and recognize the inherent business risks. They understand that their success depends largely on their own abilities and efforts and that the nature of Card My Yard businesses may evolve. The franchisee also confirms they have not received or relied on any guarantees or assurances regarding the revenues, profits, or success of the business. Finally, the franchisee agrees that Card My Yard can operate and change the system and its business in any manner not expressly prohibited by the franchise agreement.
In summary, by signing the franchise agreement, the Card My Yard franchisee is indeed representing that they have carefully considered the questions and information presented in the FDD and the agreement itself, understanding the terms, risks, and their own responsibilities in the venture.