Common use of Franchise Risk, Franchisee Ability Clause in Contracts

Franchise Risk, Franchisee Ability. Franchisee acknowledges that the success of the business venture contemplated by this Agreement depends primarily upon their ability as an independent business owner. Franchisee acknowledges that neither Franchisor nor any other person has guaranteed that Franchisee will succeed in the operation of the Franchised Business or has provided any sales or income projections of any kind to Franchisee. Franchisee also acknowledges that this business involves hard work and sometimes long hours, similar to most small businesses which are owner operated, and that Franchisor never promised this business was going to be easy for Franchisee, Franchisee’s partners, officers or directors. Franchisee further acknowledges that they are in good health and able to devote their full time and best efforts in the day to day operation of the Franchised Business or that Franchisee has the business management skills necessary to successfully hire a general manager to run the day to day operation of the Franchised Business.

Appears in 2 contracts

Samples: International Franchise Agreement, International Franchise Agreement

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Franchise Risk, Franchisee Ability. Franchisee Xxxxxxxxxx acknowledges that the success of the business venture contemplated by this Agreement depends primarily upon their ability as an independent business owner. Franchisee acknowledges that neither Franchisor nor any other person has guaranteed that Franchisee will succeed in the operation of the Franchised Business or has provided any sales or income projections of any kind to Franchisee. Franchisee Xxxxxxxxxx also acknowledges that this business involves hard work and sometimes long hours, similar to most small businesses which are owner operated, and that Franchisor never promised this business was going to be easy for Franchisee, Franchisee’s partners, officers or directors. Franchisee further acknowledges that they are in good health and able to devote their full time and best efforts in the day to day operation of the Franchised Business or that Franchisee has the business management skills necessary to successfully hire a general manager to run the day to day operation of the Franchised Business.

Appears in 2 contracts

Samples: International Franchise Agreement, International Franchise Agreement

Franchise Risk, Franchisee Ability. Franchisee acknowledges that the success of the business venture contemplated by this Agreement depends primarily upon their the business acumen and ability as an independent business owner. Franchisee acknowledges that neither Franchisor nor any other person has guaranteed or warranted that Franchisee will succeed in the operation of the Franchised Business or has provided or made any sales or income projections of any kind to Franchisee. Franchisee also acknowledges that this business involves hard work and sometimes long hours, similar to most small businesses which are owner operated, and that Franchisor never promised this business was going to be easy for Franchisee, Franchisee’s partners, members, officers or directors. Franchisee further acknowledges that they are in good health and able to devote their full time and best efforts in the day to day operation of the Franchised Business or that Franchisee has the business management skills necessary to successfully hire a general manager to run the day to day operation of the Franchised Business.

Appears in 1 contract

Samples: International Franchise Agreement

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Franchise Risk, Franchisee Ability. Franchisee acknowledges that the success of the business venture contemplated by this Agreement depends primarily upon their the business acumen and ability as an independent business owner. Franchisee acknowledges that neither Franchisor nor any other person has guaranteed or warranted that Franchisee will succeed in the operation of the Franchised Business or has provided or made any sales or income projections of any kind to Franchisee. Franchisee Xxxxxxxxxx also acknowledges that this business involves hard work and sometimes long hours, similar to most small businesses which are owner operated, and that Franchisor never promised this business was going to be easy for Franchisee, Franchisee’s partners, members, officers or directors. Franchisee further acknowledges that they are in good health and able to devote their full time and best efforts in the day to day operation of the Franchised Business or that Franchisee has the business management skills necessary to successfully hire a general manager to run the day to day operation of the Franchised Business.

Appears in 1 contract

Samples: International Franchise Agreement

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