What section of the Counselor Realty franchise agreement discusses responsibility?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.8 Responsibility. You acknowledge that your Business will operate in a highly competitive marketplace and that its financial results, including its ultimate success or failure, depend upon your personal management and resources, and supply and market conditions. You acknowledge, therefore, that Counselor did not, cannot and does not guarantee or represent that the Business will be profitable or successful and you have not relied upon any promise, assurance, understanding or agreement not set forth herein.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, Section 13.8 of the franchise agreement addresses franchisee responsibility. It emphasizes that the success of the franchised business depends on the franchisee's personal management, resources, and prevailing market conditions.
Specifically, this section states that Counselor Realty does not guarantee the profitability or success of the business. This acknowledgment is crucial, as it confirms that the franchisee's efforts and capabilities are key determinants of the business's performance.
Prospective franchisees should carefully consider this section, understanding that their own management skills, available resources, and ability to adapt to market conditions will significantly impact their franchise's financial outcomes. It also reinforces that any assurances or promises not explicitly stated in the franchise agreement should not be relied upon.