What does Face Foundrie's Area Developer acknowledge about reading and understanding the FDD and agreement?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
- 17.3 Area Developer Read the Agreement and Consulted*.* Area Developer acknowledges that it has read and understood Franchisor's FDD and this Agreement, the attachments hereto, and agreements relating thereto, if any, and that Franchisor has accorded Area Developer ample time and opportunity to consult with advisors of Area Developer's own choosing about the potential benefits and risks of entering into this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the Area Developer acknowledges they have read and understood the Franchise Disclosure Document (FDD) and the Area Development Agreement. This acknowledgement extends to all attachments and related agreements.
Furthermore, Face Foundrie ensures that the Area Developer has been given sufficient time and opportunity to consult with advisors of their choosing regarding the potential benefits and risks associated with entering into the Area Development Agreement. This step is crucial for the Area Developer to make an informed decision, understanding all facets of the agreement before committing.
This acknowledgement is a standard legal protection for Face Foundrie, confirming that the Area Developer entered the agreement with full knowledge and understanding. It also underscores the importance of prospective Area Developers conducting thorough due diligence and seeking professional advice before signing any franchise agreement.