What representation is made by a prospective Cilantro Taco Grill franchisee when signing the questionnaire?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
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, the purpose of the questionnaire is to determine if any unauthorized, untrue, inaccurate, or misleading statements or promises were made to the prospective franchisee by employees or authorized representatives of Cilantro Taco Grill or Fransmart, LLC.
By signing the questionnaire, the prospective franchisee acknowledges that purchasing a Cilantro Taco Grill franchise is a business decision with associated risks. They also confirm they are not relying on any oral statements, representations, promises, or assurances during the franchise purchase negotiations that Cilantro Taco Grill has not authorized.
This acknowledgement is crucial for Cilantro Taco Grill as it aims to ensure franchisees are making informed decisions based on the official information provided in the Franchise Disclosure Document and authorized communications. It protects Cilantro Taco Grill from potential claims based on unauthorized representations made during the sales process.