What does Face Foundrie's Area Developer acknowledge regarding prior agreements?
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 points regarding their agreement with Face Foundrie Franchising L.L.C. The Area Developer certifies that they have conducted an independent investigation of the business opportunity, including both the Area Development Agreement and the Franchise Agreement. This signifies that the decision to enter into the Area Development Agreement was based solely on their own independent assessment.
Furthermore, the Area Developer acknowledges that they have not relied on any claims regarding potential sales, income, or earnings that are contrary to the information provided in Face Foundrie's Franchise Disclosure Document. This includes any claims about past or current sales, income, or earnings of Face Foundrie or its affiliated Facial Bars. This acknowledgement underscores the importance of the FDD as the primary source of information for prospective franchisees and area developers.
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 highlights the inherent risks of investing in a franchise and the absence of any assurance from Face Foundrie regarding the Area Developer's financial outcomes. This certification serves to protect Face Foundrie from potential future claims by ensuring the Area Developer is fully aware of the speculative nature of the investment.