What exhibit in the Crisp & Green FDD contains the Franchisee Acknowledgment?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT F TO THE FRANCHISE AGREEMENT FRANCHISEE ACKNOWLEDGMENT
THIS DOCUMENT SHALL NOT BE SIGNED BY YOU, AND WILL NOT APPLY, IF THE OFFER OR SALE OF THE FRANCHISE IS SUBJECT TO THE STATE FRANCHISE REGISTRATION/DISCLOSURE LAWS IN THE STATES OF CALIFORNIA, HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA, NEW YORK, NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, VIRGINIA, WASHINGTON, OR WISCONSIN.
DO NOT SIGN THE ACKNOWLEDGEMENT IF THE FRANCHISE IS TO BE OPERATED IN, OR YOU ARE A RESIDENT OF, MARYLAND.
As you know, you and we are entering into a Franchise Agreement for the operation of a CRISP & GREEN franchise. The purpose of this Franchisee Acknowledgment is to determine whether any statements or promises were made to you that we have not authorized or that may be untrue, inaccurate or misleading, and to be certain that you understand the limitations on claims that may be made by you by reason of the offer and sale of the franchise and operation of your business. Please review each of the following questions carefully and provide honest responses to each question.
Acknowledgments and Representations.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, the Franchisee Acknowledgment is included as Exhibit F to the Franchise Agreement. The document emphasizes that franchisees in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin should not sign this acknowledgment if the offer or sale of the franchise is subject to state franchise registration/disclosure laws. Furthermore, the acknowledgment should not be signed if the franchise is to be operated in, or the franchisee is a resident of, Maryland.
The purpose of the Franchisee Acknowledgment is to confirm whether any unauthorized or untrue statements or promises were made to the franchisee during the franchise sales process. It also ensures that the franchisee understands the limitations on claims they can make regarding the offer, sale, and operation of the Crisp & Green franchise.
Prospective Crisp & Green franchisees should carefully review Exhibit F and understand its implications, especially regarding the acknowledgment of statements and representations made during the franchise sales process. Franchisees should be aware of the specific state regulations that may affect the enforceability of certain provisions within the acknowledgment. This ensures that the franchisee is fully informed about their rights and obligations before entering into the franchise agreement.