For Focus Cfo, what is the significance of the Franchisee being domiciled in Illinois?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
CFO Group, LLC and you are preparing to enter into a Franchise Agreement for the operation of a Focus CFO business. In this Franchisee Disclosure Questionnaire, Focus CFO Group, LLC will be referred to as "we" or "us." Please review each of the following questions carefully and provide honest and complete responses to each question.
No statement, questionnaire, or acknowledgment signed or agreed to by you in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by Focus CFO, and any franch
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
Based on the 2025 Focus Cfo Franchise Disclosure Document, there is an exhibit for franchisees in the state of Illinois. The document states that no statement signed by the franchisee can waive claims under any applicable state franchise law, including fraud in the inducement, or disclaim reliance on any statement made by Focus CFO. This provision supersedes any other term in any document executed in connection with the Focus CFO franchise.
This means that Focus CFO franchisees in Illinois have specific protections under Illinois state law that cannot be waived or disclaimed through any agreement with the franchisor. This is significant because it ensures that franchisees retain their legal rights and recourse in case of disputes or issues arising from the franchise agreement. It also protects the franchisee from being forced to waive rights they have under Illinois state law.
This type of multi-state addendum is common in franchise agreements to address specific legal requirements or protections that vary from state to state. Prospective franchisees should carefully review any state-specific addenda to understand their rights and obligations in their particular state.