What are the Principal Owners releasing Crisp & Green from in consideration of the acceptance of the Premises?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
In consideration of our acceptance of the Premises, you and your Principal Owners release us, and our Affiliates, managers, officers, directors, governors, employees and agents from any and all loss, damage and liability arising from or in connection with the selection and/or acceptance of the Premises for development as a Restaurant.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, in exchange for Crisp & Green accepting the premises for a restaurant, the franchisee and their principal owners release Crisp & Green, its affiliates, managers, officers, directors, governors, employees, and agents from any loss, damage, and liability. This release specifically pertains to issues arising from or connected with the selection and/or acceptance of the premises for development as a Crisp & Green restaurant.
This means that if a franchisee experiences losses or damages related to the chosen location, they generally cannot hold Crisp & Green responsible, provided that Crisp & Green accepted the premises. This condition underscores the importance of the franchisee's independent investigation of the site's suitability. While Crisp & Green may offer suggestions or approve a site, this action does not constitute a warranty of the site's profitability or suitability.
Franchisees bear the responsibility for thoroughly evaluating the location and its potential. This includes considering demographic characteristics, traffic patterns, parking availability, the nature of the neighborhood, competition, and the physical attributes of the site. The franchisee's acceptance of the franchise agreement signifies their acknowledgment that the site selection is based on their own due diligence, not on any guarantees from Crisp & Green. This allocation of responsibility is typical in franchising, where franchisees are expected to conduct their own market research and assess the viability of a location.