Who is the franchisor mentioned in the Acknowledgment Addendum for Precision Door Service?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
ACKNOWLEDGMENT ADDENDUM TO PRECISION GARAGE DOOR SERVICE® FRANCHISE AGREEMENT
As you know, you and we are entering into a Franchise Agreement for the operation of a PRECISION GARAGE DOOR SERVICE® franchise. The purpose of this Acknowledgment Addendum is to determine whether any statements or promises were made to you that we have not authorized or that may be untrue, inaccurate or misleading, and to be certain that you understand the limitations on claims that may be made by you by reason of the offer and sale of the franchise and operation of your business. Please review each of the following statements carefully and confirm their accuracy or advise us of their inaccuracy.
Acknowledgments and Representations. I, the undersigned, hereby acknowledge and represent to PRECISION DOOR SERVICE SPV LLC, as follows:
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 FDD, the Acknowledgment Addendum to the Precision Garage Door Service Franchise Agreement identifies PRECISION DOOR SERVICE SPV LLC as the franchisor. This addendum aims to confirm that no unauthorized or untrue statements were made to the franchisee during the franchise sales process and to ensure the franchisee understands the limitations on claims related to the franchise.
The Acknowledgment Addendum requires the franchisee to acknowledge and represent certain facts to PRECISION DOOR SERVICE SPV LLC. This process helps the franchisor verify that the franchisee is entering the agreement with a clear understanding of the terms and conditions. It also serves to protect the franchisor from potential future claims based on misunderstandings or misrepresentations.
However, it's important to note that this addendum does not apply to franchise candidates or businesses located in certain franchise registration states, including California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. Franchisees in these states may have different or additional requirements and considerations under their respective state laws.