Does City Publications require the franchisee to affirm that all information provided in applications and financial statements is true, complete, and accurate?
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, franchisees must affirm that all information provided in any applications, financial statements, and other submissions to City Publications is true, complete, and accurate in all respects. The franchisee expressly acknowledges that City Publications is relying on the truthfulness, completeness, and accuracy of this information. This requirement is part of the franchise agreement.
This affirmation is a standard practice in franchising. It protects City Publications from potential misrepresentations made by the franchisee during the application process. If a franchisee provides false or misleading information, City Publications may have grounds to terminate the franchise agreement or take other legal actions.
Prospective City Publications franchisees should ensure that all information they provide to City Publications during the application process is accurate and verifiable. This includes financial statements, business plans, and any other documents or information requested by City Publications. Failure to provide accurate information could have serious consequences for the franchisee's relationship with City Publications.