Are representations not contained in the Southern Steer Franchise Agreement enforceable?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor does not make any representations or warranties, express, implied or collateral, as to the potential success of Franchisee's Southern Steer Business and no one is authorized to make any such representations or warranties.
Franchisor makes no representations or warranties that the required minimum insurance is adequate to protect Franchisee and Franchisor.
Franchisor does not furnish or authorize any parties to furnish any oral or written information concerning the actual or potential sales, costs, income, or profits of Franchisee's Southern Steer Business outside the franchise disclosure document and Franchisee has not received or relied upon any warranty, representation or guarantee, expressed, collateral or implied, as to the potential volume, profits, Gross Revenues, income, estimates, projections, or success of the Southern Steer Business contemplated by this Agreement outside the franchise disclosure document.
Actual results will vary among franchisees and Franchisor cannot estimate the results of any particular Southern Steer Business.
Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, the franchisor does not make any representations or warranties, whether express, implied, or collateral, regarding the potential success of a franchisee's Southern Steer Business. Furthermore, no one is authorized to make such representations or warranties on behalf of Southern Steer.
The FDD states that Southern Steer does not provide or authorize anyone to provide oral or written information about potential sales, costs, income, or profits outside of what is contained in the franchise disclosure document. The franchisee acknowledges that they have not relied on any warranty, representation, or guarantee regarding the potential volume, profits, gross revenues, income, estimates, projections, or success of the Southern Steer Business outside the franchise disclosure document.
This means that prospective franchisees should not rely on any promises or projections made by Southern Steer representatives or existing franchisees that are not explicitly stated in the Franchise Disclosure Document. Actual results will vary among franchisees, and Southern Steer cannot estimate the results of any particular Southern Steer Business. It is important for potential franchisees to conduct their own independent research and due diligence, consulting with financial and legal advisors, to assess the potential risks and rewards of investing in a Southern Steer franchise.