What does the Face Foundrie Area Developer acknowledge regarding reading and understanding the attachments to the Area Developer 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 specific responsibilities regarding the Franchise Disclosure Document (FDD) and the Area Development Agreement. The Area Developer confirms they have thoroughly read and understood the FDD, the Area Development Agreement itself, any attachments to the agreement, and any related agreements.
This acknowledgement is significant because it confirms that the Area Developer has been given ample 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 clause aims to protect Face Foundrie from future claims that the Area Developer was not fully informed or did not understand the terms of the agreement before signing.
This type of clause is standard in franchise agreements. It underscores the importance of due diligence on the part of the franchisee or, in this case, the Area Developer. It is the Area Developer's responsibility to seek legal and financial advice to fully understand the implications of the agreement before committing to the Face Foundrie franchise.