Does the Crisp & Green addendum require the franchisee to acknowledge having read and understood the addendum?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
Each of the undersigned hereby acknowledges having read and understood this Addendum and consents to be bound by all of its terms.
CRISP & GREEN FRANCHISING LLC, a
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, several state-specific addenda require franchisees to acknowledge that they have read and understood the terms of the addendum. These acknowledgements are included in the addenda for North Dakota, New York, Virginia, and Wisconsin.
Specifically, the addenda include a statement where "Each of the undersigned hereby acknowledges having read and understood this Addendum and consents to be bound by all of its terms." This statement is followed by signature lines for Crisp & Green Franchising LLC, including spaces for printed names and titles.
This requirement ensures that franchisees are aware of any state-specific modifications or additions to the standard franchise agreement. It also confirms their consent to be bound by these changes. This acknowledgement is a standard legal practice to ensure that all parties are fully informed and agree to the terms of the agreement, especially where state laws require specific modifications to the franchise agreement.