What is the purpose of the Face Foundrie Franchisee Acknowledgement?
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 Face Foundrie's 2025 Franchise Disclosure Document, the Franchisee Acknowledgement serves several key purposes. Face Foundrie Franchising L.L.C. aims to confirm that prospective franchisees were not exposed to unauthorized or misleading statements during the franchise sales process. This acknowledgement ensures that franchisees have been properly represented throughout the transaction.
Furthermore, the Franchisee Acknowledgement seeks to verify that franchisees fully understand the limitations on any claims they might make regarding their purchase and operation of the Face Foundrie franchise. By having franchisees review and respond to specific questions, Face Foundrie aims to establish a clear record of the franchisee's understanding of the business relationship and associated risks.
It is important to note that this document is not applicable in states with franchise registration/disclosure laws such as California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or 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, ensuring compliance with varying legal requirements.