What is the Face Foundrie Area Developer warranting regarding negotiating and entering into the 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 makes several certifications related to their decision to enter into the Area Development Agreement. Specifically, the Area Developer certifies that they have conducted an independent investigation of the business opportunity, including both the Area Development Agreement and the Face Foundrie Franchise Agreement.
Furthermore, the Area Developer warrants that their decision to execute the Area Development Agreement was based entirely on their own independent investigation and not on any claims regarding potential sales, income, or earnings. They also affirm that they have not relied on any claims about past or current sales, income, or earnings of Face Foundrie or its affiliated Facial Bars that contradict the information provided in Face Foundrie's Franchise Disclosure Document.
Finally, the Area Developer acknowledges and understands the risks involved in this investment. Face Foundrie explicitly makes no representation or guarantee, whether explicit or implied, that the Area Developer will be successful or recoup their investment. This certification underscores that the Area Developer is entering the agreement with a clear understanding of the potential risks and rewards, based on their own due diligence.