What exhibit number is the receipt attached to the Cilantro Taco Grill Disclosure Document?
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)
Based on the 2024 Cilantro Taco Grill Franchise Disclosure Document, Exhibit H is the Franchisee Acknowledgement Statement. This exhibit includes a questionnaire to determine if any unauthorized statements or promises were made to the franchisee by Cilantro Taco Grill or Fransmart, LLC representatives. The document emphasizes that the purchase of a franchise is a business decision with associated risks.
The Franchisee Acknowledgement Statement confirms that the franchisee is not relying on any unauthorized oral statements or assurances made during negotiations. It serves to verify that the franchisee understands the risks involved and has made the decision to purchase the franchise based on their own independent investigation and professional advice.
This exhibit is designed to protect Cilantro Taco Grill by ensuring franchisees acknowledge they have not received any misleading information and are aware of the business risks. It also confirms that franchisees have relied on their own due diligence rather than any unauthorized promises from the franchisor or its representatives. This acknowledgement is a crucial part of the franchising process, ensuring both parties are aligned on the understanding of the investment and its potential risks.