What does the Face Foundrie Area Developer acknowledge regarding the business venture contemplated by this agreement?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
The undersigned, personally and as an officer(s), member(s) or partner(s) of Area Developer, as applicable, does hereby certify that he/she has conducted an independent investigation of the business contemplated by this Area Development Agreement and the Face Foundrié Franchising L.L.C. Franchise Agreement, and that the decision to execute the Area Development Agreement was based entirely upon the independent investigation by the undersigned; and the undersigned further certifies that he/she has not relied upon, in any way, any claims regarding potential sales, income, or earnings to be derived from the business contemplated by the Franchise Agreement and Area Development Agreement, and has not relied upon any claims regarding past or current sales, income or earnings of Franchisor or its affiliate operated Face Foundrié Facial Bars that are contrary to or different from the information contained in Franchisor's Franchise Disclosure Document. The undersigned further certifies that he/she understands the risks involved in this investment and Face Foundrié Franchising L.L.C. makes no representation or guaranty, explicit or implied, that the Area Developer will be successful or will recoup his/her investment.
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 several key aspects of the business venture. Specifically, the Area Developer certifies that they have conducted an independent investigation of the business opportunity presented by the Area Development Agreement and the Face Foundrie Franchise Agreement. This indicates that the Area Developer is expected to perform their own due diligence before entering into the agreement.
Furthermore, the Area Developer acknowledges that their decision to execute the Area Development Agreement is based entirely on their independent investigation. This means they are not relying on any claims regarding potential sales, income, or earnings that are contrary to or different from the information contained in Face Foundrie's Franchise Disclosure Document. This is a standard clause in franchise agreements, intended to protect the franchisor from liability if the franchisee's business does not perform as expected.
Finally, the Area Developer certifies that they understand the risks involved in the investment and that Face Foundrie makes no representation or guarantee, explicit or implied, that the Area Developer will be successful or will recoup their investment. This highlights the inherent risks of starting a new business and emphasizes that Face Foundrie does not guarantee any level of success or return on investment for the Area Developer. This acknowledgement underscores the importance of carefully evaluating the risks and potential rewards before investing in a Face Foundrie area development.