What does the Face Foundrie Area Developer acknowledge regarding the completeness of the Area Developer 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 regarding their entry into the Area Development Agreement. Specifically, the Area Developer certifies that they have conducted an independent investigation of the business opportunity, encompassing both 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 committing to the agreement.
Furthermore, the Area Developer acknowledges that their decision to execute the Area Development Agreement is based entirely on their own independent investigation. This means they are not relying on any claims made by Face Foundrie regarding potential sales, income, or earnings that are contrary to the information provided in the Franchise Disclosure Document. This clause aims to protect Face Foundrie from liability if the Area Developer's business does not perform as expected, as long as the franchisor provided accurate information in the FDD.
Finally, the Area Developer certifies that they understand the risks involved in this investment and that Face Foundrie makes no explicit or implied guarantees of success or recouping the investment. This is a standard disclaimer in franchise agreements, highlighting that the success of the business depends on various factors, including the Area Developer's efforts and market conditions. This acknowledgment underscores the importance of a thorough understanding of the business and its associated risks before entering into the Area Development Agreement with Face Foundrie.