What document confirms the Buyer's acknowledgement and agreements regarding the Operating Results Disclosure for Noodles & Company?
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's acknowledgement regarding the Disclosure of Actual Operating Results is confirmed through a specific 'Acknowledgement' document. This acknowledgement, along with the Disclosure of Actual Operating Results itself, forms part of the entire agreement between the Seller and the Buyer.
Specifically, the 2025 FDD states that the entire agreement between the parties includes the Franchise Agreement, the Confidentiality Agreement, the Disclosure of Actual Operating Results, and the Acknowledgment in connection therewith. This acknowledgment is provided by the Buyer (or its principal) to the Seller, confirming that the Buyer has received and understands the operating results disclosure.
This acknowledgement is crucial because it signifies that the prospective Noodles & Company franchisee has been informed about the actual operating results of certain company-operated restaurants. By signing the acknowledgement, the buyer confirms they are aware of this information and that it forms part of the basis for their decision to invest in a Noodles & Company franchise. This helps to ensure transparency and informed consent in the franchising process.