Is there a specific format or template that Exit provides for the acknowledgement?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Region Name] has made no assurance nor representation that I will be granted a franchise opportunity, and I
information I have provided herein is true, accurate, and complete, and I understand that EXIT Realty [Insert Region Name] will rely on the information provided by me. Date Signature of Applicant Date Applicant Print Name Date Witness Date Witness Print Name waive, release, and discharge EXIT Realty [Insert Region Name] from any claims or actions, known or unknown, whatsoever existing prior to the date of this application, except those arising from representations in EXIT Realty [Insert Region Name] franchise disclosure document and exhibits and amendments thereto. I declare that the
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, there is a general acknowledgement required. Specifically, Exhibit A-2 shows an acknowledgement where the applicant declares that the information they provided is true, accurate, and complete, and that they understand that Exit Realty will rely on the information provided. The applicant also waives, releases, and discharges Exit Realty from any claims or actions, known or unknown, whatsoever existing prior to the date of the application, except those arising from representations in Exit Realty franchise disclosure document and exhibits and amendments thereto. The document includes fields for the applicant's initials, the region name, the date, the applicant's signature, the applicant's printed name, the date of the witness, and the witness's printed name.
Additionally, the Policies and Procedures Manual, as outlined in Schedule 3, contains a section dedicated to general collaboration and professional harmony, which requires acknowledgement.
Sales Representatives also acknowledge that Exit is the exclusive owner of all right, title and interest in and to the marks identified above and agrees that all use of the marks by Sales Representative shall inure exclusively to the benefit of Exit.
While the FDD mentions these acknowledgements, it does not provide specific details about a mandatory format or template that Exit requires for these acknowledgements. A prospective franchisee should ask the franchisor for more details.