What is the franchisee acknowledging regarding their understanding of the Fly To Fit Disclosure Document by signing the agreement?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
By signing this Agreement, Franchisee acknowledges the following:
- (1) Franchisee understands all the information in Fly To Fit Franchise's Disclosure Document.
- (2) Franchisee understands the success or failure of the Business will depend in large part upon Franchisee's skills, abilities and efforts and those of the persons Franchisee employs, as well as many factors beyond Franchisee's control such as weather, competition, interest rates, the economy, inflation, labor and supply costs, lease terms, and the marketplace.
- (3) That no person acting on Fly To Fit Franchise's behalf made any statement or promise regarding the costs involved in operating a Fly To Fit franchise that is not in the Disclosure Document or that is contrary to, or different from, the information in the Disclosure Document.
- (4) That no person acting on Fly To Fit Franchise's behalf made any claim or representation to Franchisee, orally, visually, or in writing, that contradicted the information in the Disclosure Document.
- (5) That no person acting on Fly To Fit Franchise's behalf made any statement or promise regarding the actual, average or projected profits or earnings, the likelihood of success, the amount of money Franchisee may earn, or the total amount of revenue a Fly To Fit franchise will generate, that is not in the Disclosure Document or that is contrary to, or different from, the information in the Disclosure Document.
- (6) That no person acting on Fly To Fit Franchise's behalf made any statement or promise or agreement, other than those matters addressed in this Agreement, concerning advertising, marketing, media support, market penetration, training, support service, or assistance that is contrary to, or different from, the information contained in the Disclosure Document.
(7) Franchisee understands that this Agreement contains the entire agreement between Fly To Fit Franchise and Franchisee concerning the Fly To Fit franchise, which means that any oral or written statements not set out in this Agreement will not be binding. In deciding to enter into this Agreement, Franchisee is not relying on any statement, promise, claim, or representation not expressly set forth in this Agreement or in the Disclosure Document.
Source: Item 22 — CONTRACTS (FDD page 44)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, by signing the franchise agreement, a franchisee acknowledges several key understandings. Primarily, the franchisee confirms they comprehend all the information presented in Fly To Fit's Franchise Disclosure Document. This indicates that the franchisee has reviewed and understands the details of the franchise opportunity.
Furthermore, the franchisee acknowledges that their success depends largely on their own skills, abilities, and efforts, as well as external factors beyond their control. These external factors include weather, competition, interest rates, economic conditions, inflation, labor and supply costs, lease terms, and the overall marketplace. This acknowledgment highlights the risks involved and the importance of the franchisee's active role in the business.
Additionally, the franchisee confirms that no one acting on behalf of Fly To Fit made any statements or promises about costs or potential earnings that are not included in the Disclosure Document or that contradict the information provided within it. This protects both the franchisee and Fly To Fit by ensuring that all information relied upon is documented and consistent. The franchisee also acknowledges that the agreement represents the entire understanding between them and Fly To Fit, superseding any prior oral or written statements not explicitly included in the agreement or the Disclosure Document.