Does the Crawlspace Medic Franchise Agreement include a section on 'Recitations'?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
NOW, THEREFORE, the parties, in consideration of the promises, undertakings and commitments of each party to the other set forth herein, and intending to be legally bound hereby, mutually agree as follows:
1 RECITATIONS. The Recitations set out above form part of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, the Franchise Agreement does include a section on 'Recitations.' The agreement states that the recitations outlined in the document are considered part of the agreement.
The 'Recitations' section likely provides background information and context for the agreement, outlining the reasons and understandings upon which the agreement is based. This section may detail Crawlspace Medic's established business, the unique system it has developed, and the importance of maintaining uniform standards. It may also state the franchisee's desire to obtain the rights to operate a Crawlspace Medic franchise.
As a prospective franchisee, it is important to carefully review the 'Recitations' section to fully understand the foundation and intent of the Franchise Agreement. This section can provide valuable insight into the relationship between the franchisee and Crawlspace Medic, as well as the obligations and expectations of both parties.