According to the Acknowledgment Addendum, what is the franchisee acknowledging regarding their investigation of the Hardees business?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| A. I have received a copy of Hardee's Restaurants Franchise Disclosure Document (and all exhibits and attachments) (the "Disclosure Document") at least fourteen calendar days prior to signing the Hardee's Restaurants Franchise Agreement (the "Franchise Agreement"). If I am a resident of Iowa, I acknowledge that I received the Disclosure Document at the earlier of the first personal meeting or at least 10 business days before the execution of any franchise or other agreement or payment of any consideration that relates to the franchise relationship. If not accurate, please comment: |
|---|
| B. |
| The Franchise Agreement involves significant legal and business rights and risks. HR does not guarantee |
| my success. I have read the Franchise Agreement in its entirety, conducted an independent investigation of the business |
| contemplated by the Franchise Agreement, have been thoroughly advised with regard to the terms and conditions of the |
| Franchise Agreement by legal counsel or other advisors of my choosing, recognize that the nature of the business |
| conducted by Hardee's Restaurants may change over time, have had ample opportunity to investigate all representations |
| made by or on behalf of HR, and have had ample opportunity to consult with current and former franchisees of HR. The |
| prospect for success of the business undertaken by me is speculative and depends to a material extent upon my personal |
| commitment, capability and direct involvement in the day-to-day management of the business. If not accurate, please |
| comment: |
Source: Item 22 — Contracts (FDD page 85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the Acknowledgment Addendum requires franchisees to confirm they have conducted an independent investigation of the Hardees business. Specifically, the franchisee acknowledges that the franchise agreement involves significant legal and business risks, and that Hardees does not guarantee their success.
Furthermore, the franchisee confirms they have thoroughly read the Franchise Agreement, sought advice from legal counsel or other advisors, and understand that the nature of the Hardees business may evolve over time. They also acknowledge having had ample opportunity to investigate all representations made by Hardees and to consult with current and former franchisees.
This acknowledgment underscores that the franchisee's success is speculative and heavily dependent on their personal commitment, capability, and direct involvement in managing the business. By signing the addendum, the franchisee confirms they have carefully considered each representation and responded fully and truthfully, recognizing that Hardees relies on their answers.