factual

What is the Franchisee Releasing Parties' obligation regarding gathering information before entering the Craters & Freighters agreement?

Craters_Freighters Franchise · 2025 FDD

Answer from 2025 FDD Document

The Franchisee Releasing Parties acknowledge that they have had adequate opportunity to gather all information necessary to enter into this Agreement and release.

Source: Item 23 — RECEIPTS (FDD pages 50–193)

What This Means (2025 FDD)

According to the 2025 Craters & Freighters Franchise Disclosure Document, the Franchisee Releasing Parties acknowledge that they have had adequate opportunity to gather all information necessary to enter into the Franchise Agreement and release. This means that before signing the agreement, franchisees are expected to have proactively sought out and obtained all the information they deem necessary to make an informed decision.

Craters & Freighters also strongly recommends that prospective franchisees consult with an independent professional advisor, such as an attorney or accountant, before signing any binding documents or paying any sums. They are also strongly advised to discuss their proposed purchase of a Craters & Freighters Franchised Business with any existing Craters & Freighters franchisees prior to signing any binding documents or paying any sums, and Craters & Freighters has supplied them with a list of all existing franchisees if any exist.

This requirement ensures that franchisees cannot later claim they entered the agreement without sufficient knowledge. By acknowledging they had the opportunity to gather information, franchisees waive the right to claim they were uninformed about aspects of the franchise. This is a common practice in franchising to protect the franchisor from future legal challenges based on a lack of disclosure, beyond what is provided in the FDD.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.