What does the Crave franchisee acknowledge regarding the Franchise Agreement containing all agreements?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee acknowledges that it has received the CRAVE Franchising, LLC Franchise Disclosure Document with a complete copy of the Franchise Agreement and all related Attachments and agreements at least fourteen (14) calendar days prior to the date on which the Franchise Agreement was executed. Franchisee further acknowledges that Franchisee has read such Franchise Disclosure Document and understands its contents.
Initial
- Franchisee acknowledges that it has had ample opportunity to consult with its own attorneys, accountants and other advisors and that the attorneys for Franchisor have not advised or represented Franchisee with respect to the Franchise Agreement or the relationship thereby created.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the franchisee acknowledges receiving the Franchise Disclosure Document (FDD) along with a complete copy of the Franchise Agreement and all related attachments and agreements. This acknowledgment confirms that the franchisee received these documents at least 14 calendar days before the Franchise Agreement was executed.
Furthermore, the franchisee acknowledges having read the Franchise Disclosure Document and understanding its contents. This is a critical assertion, as it signifies that the franchisee is aware of the terms, conditions, and obligations outlined in the FDD and the Franchise Agreement. This acknowledgment is designed to protect the franchisor by confirming the franchisee had access to all relevant information and understood it before signing the agreement.
Additionally, the franchisee acknowledges having had ample opportunity to consult with their own attorneys, accountants, and other advisors. This statement emphasizes that the franchisee made an informed decision, independent of any influence from Crave's legal counsel, who have not advised or represented the franchisee in this matter. This clause aims to prevent future claims that the franchisee entered the agreement without proper counsel or understanding of the implications.