Is Chem Dry responsible for any warranty or guaranty, express or implied, as to the potential revenues, profits or success of the franchise?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISEE further acknowledges that FRANCHISEE has not received or relied upon, any warranty or guaranty, express or implied, as to the potential revenues, profits or success of the franchise or policies made by CDI or its officers, directors, employees or agents that are contrary to the statements, if any, expressly made in CDI's Franchise Disclosure Document.
FRANCHISEE further represents to CDI, as an inducement to its entry into this Agreement, that FRANCHISEE has made no misrepresentations in obtaining the franchise.
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
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, franchisees acknowledge that they have not received or relied upon any warranty or guaranty, express or implied, regarding the potential revenues, profits, or success of the franchise. This means Chem Dry does not provide any guarantees about how much money a franchisee will make or how successful their business will be.
This acknowledgement is a standard clause in franchise agreements. It emphasizes that the franchisee is responsible for their own business decisions and performance. The success of the Chem Dry franchise depends largely on the franchisee's business abilities.
Prospective franchisees should understand that franchising involves business risks, and they should conduct their own independent investigation of the business opportunity. This includes seeking advice from business professionals and advisors. Franchisees also confirm that Chem Dry has not made any claims beyond what is stated in the Franchise Disclosure Document and the Franchise Agreement.
This provision protects Chem Dry from liability if a franchisee's business does not perform as expected. It reinforces that franchisees are independent business owners responsible for their own success or failure. Franchisees should carefully consider this aspect and conduct thorough due diligence before investing in a Chem Dry franchise.