Does Monicals Pizza require the Developer to consult with advisors regarding the Development Agreement?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Developer represents that it has been urged to consult with its own advisors with respect to the legal, financial and other aspects of this Development Agreement, the business franchised hereby and the prospects for such business. Developer represents that it has either consulted with such advisors or has deliberately declined to do so.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, while not required, the Developer represents that they have been urged to consult with their own advisors regarding the legal, financial, and other aspects of the Development Agreement. The Developer also acknowledges that they have either consulted with advisors or deliberately declined to do so.
This representation is significant because it highlights the importance of seeking professional advice before entering into a Development Agreement with Monicals Pizza. By acknowledging that they have been urged to consult with advisors, the Developer confirms they are aware of the complexities and potential risks involved in the agreement. Whether the developer chooses to consult with an advisor or not, Monicals Pizza makes it clear that the responsibility for understanding the agreement and its implications lies solely with the developer.
This clause protects Monicals Pizza from potential future claims that the Developer did not fully understand the agreement. It reinforces the idea that the Developer is entering into the agreement with informed consent, regardless of whether they sought external advice. Prospective Monicals Pizza developers should carefully consider this representation and seriously weigh the benefits of consulting with legal and financial professionals to ensure they fully understand the terms and conditions of the Development Agreement.