Does the Noodles & Company agreement require each party to acknowledge they have read and understand every provision of the agreement?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
(c) You acknowledge that you have conducted an independent investigation of the business venture contemplated by this Agreement and recognize that, like any other business, the nature of the business conducted by a Noodles & Company Restaurant may evolve and change over time; that an investment in a Noodles & Company Restaurant involves business risks; and that your business abilities and efforts are vital to the success of the venture.
(d) You understand that the Restaurant industry is highly competitive, that market conditions evolve and change over time, and that an investment in a Noodles & Company franchise involves business risks.
(e) You further acknowledge that we have advised you to have this Agreement reviewed and explained to you by an attorney and that you have reviewed this Agreement with your attorney or that you waive your right to do so.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
Based on the 2025 Noodles & Company Franchise Disclosure Document, franchisees acknowledge that Noodles & Company has advised them to have the agreement reviewed by an attorney. Franchisees also acknowledge they have either reviewed the agreement with their attorney or have waived their right to do so.
Additionally, franchisees acknowledge they have conducted an independent investigation of the business venture and recognize that the nature of the Noodles & Company Restaurant business may evolve and change over time. They also acknowledge that investing in a Noodles & Company Restaurant involves business risks and that their own business abilities and efforts are vital to the success of the venture.
These acknowledgements serve to protect Noodles & Company by confirming that franchisees have been informed about the agreement's terms, the risks involved, and the importance of their own role in the success of the franchise. It is a common practice in franchising to include such acknowledgements to ensure franchisees are entering the agreement with informed consent.