Does the Face Foundrie Franchisee Acknowledgement aim to ensure the franchisee was properly represented in the transaction?
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 Franchise Disclosure Document, the Franchisee Acknowledgement is designed to confirm that the franchisee has been properly represented during the franchise transaction. Face Foundrie aims to determine if any unauthorized or misleading statements or promises were made to the franchisee. The document seeks to ensure the franchisee understands the limitations on claims related to the purchase and operation of the franchise.
This acknowledgement requires the franchisee to carefully review and honestly answer a series of questions. This process helps Face Foundrie verify that the franchisee entered the agreement with a clear understanding of its terms and conditions. It also serves as a check to ensure no misrepresentations or unauthorized promises influenced the franchisee's decision.
However, the Franchisee Acknowledgement is not applicable in certain states with franchise registration/disclosure laws, including California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. Additionally, the acknowledgement should not be signed if the franchise is to be operated in, or the franchisee is a resident of, Maryland. This suggests that Face Foundrie adheres to specific state regulations regarding franchise sales and disclosures, using the acknowledgement form primarily in states where it provides an additional layer of verification and protection.