What is the franchisee acknowledging regarding their opportunity to review the Counselor Realty agreement?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.7 Review. This Agreement is not effective until fully executed by both parties and we issue notice of approval to you. You acknowledge that we have recommended and that you have had an opportunity to review this Agreement, our Franchise Disclosure Document and other relevant information before entering into this Agreement with legal counsel or a professional business advisor of your choosing.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, prospective franchisees acknowledge that Counselor Realty recommended they review the Franchise Agreement, Franchise Disclosure Document, and other relevant information with legal counsel or a professional business advisor before signing the agreement. This acknowledgement confirms that Counselor Realty provided the franchisee with ample opportunity to seek independent advice.
This clause is a standard protection for franchisors. It aims to prevent franchisees from later claiming they didn't understand the agreement's terms. By acknowledging the recommendation to seek advice, franchisees confirm they had the chance to fully understand their obligations and the risks involved.
It is important for prospective Counselor Realty franchisees to take this acknowledgement seriously. Consulting with an attorney or business advisor is highly recommended to ensure a complete understanding of the Franchise Agreement and the potential implications of investing in a Counselor Realty franchise. This due diligence can help avoid misunderstandings or disputes in the future.