Does City Publications rely on the truthfulness, completeness, and accuracy of the information provided by the franchisee in their applications and financial statements?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee affirms that all information set forth in any and all applications, financial statements and submissions to Franchisor is true, complete and accurate in all respects, with Franchisee expressly acknowledging that Franchisor is relying upon the truthfulness, completeness and accuracy of such information.
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, City Publications relies on the accuracy of the information provided by prospective franchisees. The Franchise Agreement stipulates that franchisees affirm the truthfulness, completeness, and accuracy of all information provided in applications, financial statements, and other submissions to City Publications.
This reliance means that City Publications makes decisions about awarding franchises based on the information submitted by the applicant. If a franchisee provides false or misleading information, it could potentially lead to legal issues or termination of the franchise agreement.
Prospective franchisees should ensure that all information they provide to City Publications during the application process is accurate and verifiable. This includes financial statements, background information, and any other documentation requested by the franchisor. This is a fairly standard clause in franchise agreements, as franchisors need to be able to trust the information provided by potential franchisees to make informed decisions.