What is the franchisee acknowledging about reliance on warranties or guarantees from Crawlspace Medic?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
t it has made no misrepresentations in obtaining the Franchise Agreement.
Initial
| Franchisor expressly disclaims the making of, and Franchisee acknowledges that it has not received or relied upon, any warranty or guarantee, express or implied, as to the potential volume, profits or success of the business venture contemplated by the Franchise Agreement. | 5. |
|---|---|
| Initial | |
| Franchisee acknowledges that Franchisor's approval or acceptance of Franchisee's | 6. |
| Business location does not constitute a warranty, recommendation or endorsement of the | |
| location for the Franchised Business, nor any assurance by Franchisor that the operation | |
| of the Franchised Business at the premises will be successful or profitable. | |
| Initial | |
| Franchisee acknowledges that it has received the CSM Franchise Group, LLC | 7. |
| 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 | 8. |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 40–42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, a prospective franchisee acknowledges that they have not relied on any express or implied warranty or guarantee from Crawlspace Medic regarding the potential volume, profits, or success of the business venture. This means Crawlspace Medic does not provide assurances about how well the franchise will perform financially. The franchisee is expected to conduct their own independent investigation into the business's potential.
Furthermore, the franchisee acknowledges that Crawlspace Medic's approval of a business location does not constitute a warranty, recommendation, or endorsement of that location. This means that even if Crawlspace Medic approves the franchisee's chosen site, it does not guarantee the location's suitability or the success and profitability of the franchise at that location. The franchisee bears the responsibility for assessing the location's viability.
In essence, Crawlspace Medic emphasizes that the franchisee is entering the agreement based on their own due diligence and understanding of the business risks involved. The franchisee waives any claims against Crawlspace Medic for business failure, except for representations made by Crawlspace Medic in the Franchise Disclosure Document. This highlights the importance of carefully reviewing the FDD and seeking professional advice before making a final investment decision.