What is the purpose of the Franchisee Disclosure Acknowledgment Statement for Eos Worldwide?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
As you know, EOS Worldwide Franchising, LLC (the "Franchisor", "we", us", or "our") and you are preparing to enter into an EOS Worldwide Franchise Agreement (the "Franchise Agreement") for the establishment and operation of an EOS Worldwide franchised Business (the "Franchised Business"). The purpose of this Franchisee Disclosure Acknowledgment Statement (this "Questionnaire") is to for us to confirm certain factual information related to the offer and sale of the EOS Worldwide franchised business to you.
In the event that you are intending to purchase an existing Franchised Business from an existing franchisee, you may have received information from the transferring franchisee, who is not an employee or representative of the Franchisor. The questions below do not apply to any communications that you had with the transferring Franchisee.
Further, to the extent you spoke with other franchisees about their experiences with us and the EOS franchise system, those franchisees are not our employees or representatives and are not authorized to speak on our behalf. Information any such franchisee may have shared is based on their views and experiences alone, and should not be attributed to the Franchisor or its employees or representatives in any way.
Source: Item 22 — CONTRACTS (FDD page 74)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the purpose of the Franchisee Disclosure Acknowledgment Statement is for Eos Worldwide Franchising, LLC to confirm specific factual information related to the offer and sale of an Eos Worldwide franchised business to the prospective franchisee. This statement, referred to as a "Questionnaire," is part of the process of entering into an EOS Worldwide Franchise Agreement.
The acknowledgment statement clarifies that if a prospective franchisee is purchasing an existing franchised business from a transferring franchisee, any information received from that transferring franchisee should not be attributed to Eos Worldwide, as the transferring franchisee is not an employee or representative of Eos Worldwide. Similarly, if the prospective franchisee spoke with other franchisees, those franchisees are not authorized to speak on behalf of Eos Worldwide, and their views and experiences should not be attributed to the franchisor.
By using this statement, Eos Worldwide aims to ensure that the franchisee understands the limitations of information received from sources other than the franchisor itself and relies on the official information provided by Eos Worldwide in making their investment decision. This helps protect Eos Worldwide from potential liability related to information provided by third parties and ensures that the franchisee is making an informed decision based on the franchisor's official disclosures.