What is the Crawlspace Medic developer acknowledging regarding the Franchise Disclosure Document?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
opment Agreement in on the day and year first above written.
| FRANCHISOR: |
|---|
| CSM FRANCHISE GROUP, LLC |
| By: |
| Evan Wilson, President |
| DEVELOPER: |
| (Print Name) |
| DEVELOPER: |
| (Print Name) |
DEVELOPER ACKNOWLEDGEMENT STATEMENT
Developer hereby acknowledges the following:
Developer has conducted an independent investigation of all aspects relating to the financial, operational and other aspects of the business of developing the Crawlspace Medic outlets contemplated hereunder. Developer further acknowledges that, except as may be set forth in Franchisor's Disclosure Document, no representations of performance (financial or otherwise) for the Crawlspace Medic outlets to be developed hereunder has been made to Developer by Franchisor and Developer hereby waives any claim against Franchisor for any business failure Developer may experience as a developer under this Agreement.
_____ Initial
Developer agrees that no claims of success or failure have been made to him or her prior to signing this Agreement and that he/she understands all the terms and conditions of this Agreement. Developer further acknowledges that this Agreement contains all oral and written agreements, representations and arrangements between the parties hereto, and any rights which the respective parties hereto may have had under any other previous contracts are hereby cancelled and terminated, and that this Agreement cannot be changed or terminated orally; provided, however, nothing in this Multi-Unit Development Agreement or in any related agreement is intended to disclaim the representations made to Developer in Franchisor's Franchise Disclosure Document.
_____ Initial
Developer has no knowledge of any representations by Franchisor or its officers, directors, shareholders, employees, sales representatives, agents or servants, about the business contemplated by this Agreement that are contrary to the terms of this Agreement or the documents incorporated herein. Developer acknowledges that no representations or warranties are made or implied, except as specifically set forth herein.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, the developer acknowledges several key aspects related to their investigation and understanding of the franchise opportunity.
First, the developer confirms they have conducted an independent investigation into the financial, operational, and other business aspects of developing Crawlspace Medic outlets. This indicates that Crawlspace Medic expects developers to perform their own due diligence before entering into an agreement. The developer also acknowledges that, unless explicitly stated in the Franchise Disclosure Document, Crawlspace Medic has not made any performance representations (financial or otherwise). This is a standard disclaimer in franchising, as franchisors typically avoid guaranteeing specific financial outcomes. The developer waives any claims against Crawlspace Medic for business failure, reinforcing the understanding that the developer bears the risk of the business.
Second, the developer agrees that no claims of success or failure were made before signing the agreement and that they understand all terms and conditions. This statement aims to prevent future disputes based on alleged verbal promises or guarantees. The developer acknowledges that the agreement contains all understandings between the parties, superseding any prior contracts, but crucially, this does not disclaim the representations made in Crawlspace Medic's Franchise Disclosure Document.
Finally, the developer states they have no knowledge of any representations by Crawlspace Medic that contradict the agreement or incorporated documents and acknowledges that no warranties or guarantees are made unless specifically stated in the agreement. The developer represents that they have not made any misrepresentations to obtain the agreement, further solidifying the legal standing of the contract. Crawlspace Medic also disclaims any warranty or guarantee regarding the potential volume, profits, or success of the business, and the developer acknowledges they have not relied on any such guarantees.