factual

What representation does a Jersey Mikes franchisee make regarding their understanding of the Franchise Agreement and Disclosure Document?

Jersey_Mikes Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisee acknowledges that it has read and understands this Agreement and Franchisor's Disclosure Document, and that no representations have been made by Franchisor, or its officers, directors, shareholders, employees or agents that are contrary to the statements made in Franchisor's Disclosure Document, or to the terms of this Agreement,

Source: Item 22 — CONTRACTS (FDD page 77)

What This Means (2025 FDD)

According to Jersey Mikes's 2025 Franchise Disclosure Document, a franchisee acknowledges that they have read and understand the Franchise Agreement and the Disclosure Document. This acknowledgement confirms that no representations were made by Jersey Mikes, its officers, directors, shareholders, employees, or agents that contradict the statements within the Disclosure Document or the terms outlined in the Franchise Agreement.

This acknowledgement is a standard practice in franchising, ensuring that the franchisee is fully aware of the terms, conditions, and obligations they are entering into. By signing the Franchise Agreement, the franchisee confirms they are not relying on any external promises or guarantees about potential revenues, profits, or the success of the business venture that are not explicitly stated in the FDD or Franchise Agreement. This protects Jersey Mikes from future claims that the franchisee was misled about the business opportunity.

Prospective Jersey Mikes franchisees should carefully review both the Franchise Agreement and the Disclosure Document, seeking legal and financial advice as needed, before signing. This due diligence helps ensure they fully understand the investment, obligations, and risks involved in operating a Jersey Mikes franchise. The franchisee's acknowledgement serves as a legal safeguard for Jersey Mikes, reinforcing the importance of transparency and informed consent in the franchising process.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.