What exhibit contains the receipt that Cilantro Taco Grill requires franchisees to sign?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
The undersigned does hereby acknowledge receipt of this addendum.
CTG Franchise LLC Ву: Ву: Name: Cuahutémoc Morfin Title: Owner PRINCIPAL:
EXHIBIT H FRANCHISEE ACKNOWLEDGEMENT STATEMENT
As you know, CTG Franchise LLC (the "Franchisor") and you are preparing to enter into a franchise agreement (the "Franchise Agreement") for the establishment and operation of a Cilantro Taco Grill franchised 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 Fransmart, LLC ("Fransmart") 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 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to the 2024 Cilantro Taco Grill Franchise Disclosure Document, Exhibit H contains the Franchisee Acknowledgement Statement, which serves as a receipt. This statement confirms that the franchisee acknowledges the purpose of the questionnaire, which is to determine if any unauthorized statements or promises were made during the franchise sales process.
The Franchisee Acknowledgement Statement ensures that the franchisee understands that purchasing a Cilantro Taco Grill franchise is a business decision with associated risks. It also verifies that the franchisee is not relying on any unauthorized oral statements, representations, promises, or assurances made during negotiations.
By signing this statement, the franchisee confirms they are making an informed decision based on the information provided in the Franchise Disclosure Document and authorized communications from Cilantro Taco Grill. This acknowledgement protects Cilantro Taco Grill from potential claims related to unauthorized representations made during the franchise sales process.