What does Face Foundrie's Area Developer acknowledge regarding consulting with advisors?
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 Area Development Agreement, the Area Developer acknowledges they have conducted an independent investigation of the business opportunity. This includes both the Area Development Agreement and the Face Foundrie Franchise Agreement. The Area Developer certifies that their decision to execute the Area Development Agreement was based entirely upon their own independent investigation.
Furthermore, the Area Developer acknowledges they have not relied 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 means the Area Developer is confirming they are making their investment decision based on their own due diligence and not solely on projections or claims made outside of the official FDD.
Finally, the Area Developer certifies 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 is a standard disclaimer in franchise agreements, highlighting that the success of the business is not guaranteed and depends on various factors, including the Area Developer's efforts and market conditions.