Does the Face Foundrie Franchisee Acknowledgement aim to confirm the franchisee understands the limitations on claims related to the Face Foundrie franchise?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
As you know, Face Foundrié Franchising L.L.C. ("we", "us" or "our") and you are entering into a Franchise Agreement for the operation of a Face Foundrié franchise. The purpose of this Franchisee Acknowledgement is to determine whether any statements or promises were made to you that we have not authorized or that may be untrue, inaccurate or misleading, to be certain that you have been properly represented in this transaction, and to be certain that you understand the limitations on claims you may make by reason of the purchase and operation of your franchise. Please review each of the following questions carefully and provide honest responses to each question.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 Face Foundrie FDD, the Franchisee Acknowledgement is designed to ensure the franchisee understands the limitations on claims related to their franchise. Face Foundrie uses this document to confirm that no unauthorized promises or misleading statements were made to the franchisee during the franchise sales process. This helps protect Face Foundrie from potential future disputes based on claims that differ from the information provided in the Franchise Agreement and Franchise Disclosure Document.
By signing the Franchisee Acknowledgement, the franchisee confirms they have been properly represented in the transaction and understand the restrictions on claims they can make regarding the purchase and operation of the Face Foundrie franchise. This includes confirming that they have reviewed the Franchise Disclosure Document (FDD) and understand its contents, as well as the Franchise Agreement. The acknowledgement also covers whether the franchisee consulted with professional advisors and discussed the franchise with existing franchisees.
Furthermore, the Franchisee Acknowledgement includes a series of questions designed to confirm the franchisee's understanding of various aspects of the franchise, such as the risks involved, the level of effort required for success, territorial protections, dispute resolution processes, and training requirements. It also addresses whether any unauthorized statements or promises were made that are not included in the FDD. This comprehensive approach ensures that the franchisee is fully informed about the realities of operating a Face Foundrie franchise and acknowledges the limitations on potential claims they might make.