Does the Chem Dry franchisee acknowledge that Chem Dry has not made any representations regarding the Chem Dry Business franchise opportunity other than those in the agreement and FDD?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISEE further acknowledges that CDI has not made any representation, warranty, or other claim regarding the CHEM-DRY Business franchise opportunity, other than those made in this Agreement and CDI's Franchise Disclosure Document.
FRANCHISEE represent and warrants to CDI that FRANCHISEE has independently and
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thoroughly evaluated this opportunity, including by using business professionals and advisors selected and engaged by FRANCHISEE, and has relied solely upon those evaluations in deciding to enter into this Agreement. FRANCHISEE further acknowledges that FRANCHISEE has been afforded an opportunity to ask any questions FRANCHISEE has and to review any materials of interest to FRANCHISEE concerning the CHEM-DRY Business franchise opportunity. Finally, FRANCHISEE acknowledges that FRANCHISEE has been afforded an opportunity, and has been encouraged by CDI, to have this Agreement and all other agreements and materials CDI has given or made available to FRANCHISEE reviewed by an attorney or other professional advisor.
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, the franchisee acknowledges that Chem Dry has not made any representations, warranties, or other claims regarding the Chem Dry Business franchise opportunity, except those explicitly stated in the Franchise Agreement and the Franchise Disclosure Document itself. This acknowledgement is a standard clause in franchise agreements, designed to protect the franchisor from claims of misrepresentation based on verbal or informal promises.
This provision means that a prospective Chem Dry franchisee should rely solely on the information provided in the official documents when making their investment decision. Any verbal promises or assurances from Chem Dry representatives that are not documented in the Franchise Agreement or FDD are not binding. It is the franchisee's responsibility to conduct their own due diligence and seek professional advice to evaluate the Chem Dry franchise opportunity.
Furthermore, the Chem Dry franchisee also represents and warrants that they have independently and thoroughly evaluated the opportunity, including by using business professionals and advisors selected and engaged by the franchisee, and has relied solely upon those evaluations in deciding to enter into the agreement. The franchisee also acknowledges that they have been afforded the opportunity to ask any questions and review any materials of interest concerning the Chem Dry Business franchise opportunity, and have been encouraged to have the agreement reviewed by an attorney or other professional advisor. This further reinforces the franchisee's responsibility to make an informed decision based on their own investigation and expert advice, rather than relying on any undocumented claims or promises from Chem Dry.