Is the Buyer required to provide an acknowledgement to the Seller in connection with the disclosure of actual operating results for certain company-operated Noodles & Company restaurants?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.i Entire Agreement. This Agreement, the Confidentiality Agreement, that certain Disclosure of Actual Operating Results for Certain Company-Operated Noodles & Company Restaurants dated on or before the date of this Agreement from Seller to Buyer (and/or its principal), and that certain Acknowledgement in connection therewith from Buyer (and/or its principal) to Seller, comprise the entire agreement among the Parties with respect to the transactions contemplated by this Agreement and supersede all other prior agreements, understandings and letters related to this Agreement.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the Buyer is required to provide an acknowledgement to the Seller in connection with the disclosure of actual operating results for certain company-operated Noodles & Company restaurants.
Specifically, the agreement between the Seller and Buyer includes several documents that constitute the entire agreement. These documents include the Confidentiality Agreement, the Disclosure of Actual Operating Results for Certain Company-Operated Noodles & Company Restaurants, and an Acknowledgement in connection therewith from Buyer to Seller.
This acknowledgement ensures that the Buyer recognizes and understands the financial information provided by Noodles & Company regarding the performance of specific company-operated restaurants. This is a standard practice to confirm that the potential franchisee has received and reviewed the necessary financial disclosures before finalizing the franchise agreement.