Does the Desi District franchisee acknowledge understanding all information in the Disclosure Document by signing the Franchise Agreement?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 22: CONTRACTS]
ARTICLE 19. CERTIFICATION OF FRANCHISOR'S COMPLIANCE
By signing this Agreement, Franchisee acknowledges the following:
- (1) Franchisee understands all the information in Desi District Franchise Group's Disclosure Document.
- (2) Franchisee understands the success or failure of the Business will depend in large part upon Franchisee's skills, abilities and efforts and those of the persons Franchisee employs, as well as many factors beyond Franchisee's control such as weather, competition, interest rates, the economy, inflation, labor and supply costs, lease terms, and the marketplace.
- (3) That no person acting on Desi District Franchise Group's behalf made any statement or promise regarding the costs involved in operating a Desi District franchise that is not in the Disclosure Document or that is contrary to, or different from, the information in the Disclosure Document.
- (4) That no person acting on Desi District Franchise Group's behalf made any claim or representation to Franchisee, orally, visually, or in writing, that contradicted the information in the Disclosure Document.
- (5) That no person acting on Desi District Franchise Group's behalf made any statement or promise regarding the actual, average or projected profits or earnings, the likelihood of success, the amount of money Franchisee may earn, or the total amount of revenue a Desi District franchise will generate, that is not in the Disclosure Document or that is contrary to, or different from, the information in the Disclosure Document.
- (6) That no person acting on Desi District Franchise Group's behalf made any statement or promise or agreement, other than those matters addressed in this Agreement, concerning advertising, marketing, media support, market penetration, training, support service, or assistance that is contrary to, or different from, the information contained in the Disclosure Document.
- (7) Franchisee understands that this Agreement contains the entire agreement between Desi District Franchise Group and Franchisee concerning the Desi District franchise, which means that any oral or written statements not set out in this
Agreement will not be binding. In deciding to enter into this Agreement, Franchisee is not relying on any statement, promise, claim, or representation not expressly set forth in this Agreement or in the Disclosure Document.
[Signatures on next page]
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, a franchisee acknowledges understanding all the information in the Disclosure Document by signing the Franchise Agreement. This acknowledgement is part of the franchisee's certification of compliance with the agreement.
By signing, the franchisee also confirms that their success depends largely on their own skills, abilities, and efforts, as well as external factors beyond their control. These factors include weather, competition, interest rates, the economy, inflation, labor and supply costs, lease terms, and the marketplace. This highlights the importance of a franchisee's active role in managing their business and adapting to market conditions.
Furthermore, the franchisee acknowledges that no one acting on behalf of Desi District made any statements or promises about costs or potential earnings that are not included in the Disclosure Document or contradict it. This protects both the franchisee and Desi District by ensuring that all information relied upon is documented and transparent. The franchisee also agrees that the Franchise Agreement is the entire agreement between them and Desi District, and they are not relying on any statements not expressly set forth in the agreement or the Disclosure Document.