What is the purpose of the Acknowledgment Addendum to the Precision Door Service Franchise Agreement?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 Precision Door Service Franchise Disclosure Document, the Acknowledgment Addendum to the Precision Garage Door Service Franchise Agreement serves to verify the accuracy of information provided to the franchisee. It aims to confirm whether any unauthorized or misleading statements or promises were made during the franchise sales process.
This addendum ensures that the prospective franchisee understands the limitations on claims they can make regarding the offer, sale, and operation of the Precision Door Service franchise. By reviewing and confirming the accuracy of the statements within the addendum, the franchisee acknowledges their understanding of these limitations.
However, it is important to note that this Acknowledgment Addendum does not apply to candidates or franchised businesses located in franchise registration states such as 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 additional protections or requirements under their state's franchise laws, which are addressed through separate addenda or provisions within the franchise agreement.