What is the stated purpose of the Circle K Acknowledgment Addendum?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
The purpose of this Acknowledgment Addendum is to determine whether any statements or promises were made to you that we have not authorized or that may be untrue, inaccurate or misleading, and to be certain that you understand the limitations on claims that may be made by you by reason of the offer and sale of the franchise and operation of your business. Please review each of the following questions carefully and provide honest responses to each question.
Source: Item 23 — RECEIPTS (FDD pages 100–359)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the purpose of the Acknowledgment Addendum is to verify that no unauthorized or untrue statements or promises were made to the franchisee during the franchise sales process. It also serves to ensure the franchisee understands the limitations on claims they can make regarding the franchise offer, sale, and business operation.
By signing the Acknowledgment Addendum, Circle K seeks to confirm that the franchisee has carefully reviewed and truthfully answered a series of questions. These questions likely cover various aspects of the franchise agreement, potential earnings, and the franchisee's responsibilities. This process aims to prevent future disputes or misunderstandings by ensuring both parties are aligned on the terms and expectations of the franchise relationship.
However, it's important to note that this addendum does not apply to candidates or franchised businesses located in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin. This suggests that Circle K may have different procedures or requirements for franchisees in those states, possibly due to specific state franchise laws or regulations. Prospective franchisees should carefully review the FDD and consult with legal counsel to fully understand their rights and obligations, especially in states where the addendum does not apply.