What is the definition of 'Cross-Reference Definitions' as used in Section 1.2 of the 1-800-GOT-JUNK? Franchise Agreement?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
1.2 Cross-Reference Definitions. The following terms have been defined in the recital, section or subsection noted opposite each:
4908-1371-6037.2 Franchise Agreement 4/22
Term Defined In Additional Insureds 15.2 Branding Cooperative 10.5 Competitive Business 21.1(b) Computer Systems 14.8 Confidential Information 12.11 Copyright-Protected Materials 12.5 Coverages 15.1 CRM System 9.1 Effective Date Schedule B Franchised Business Recital D Franchised Location 4.1 Franchisee’s Affiliates 17.4 Gross Revenue 3.3 Guarantee 2.7 Initial Fee 3.1 Initial Marketing Expense 10.3 Know-How 12.10 Marks Recital B Minimum Royalty
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
According to the 2025 1-800-GOT-JUNK? Franchise Disclosure Document, Section 1.2, titled 'Cross-Reference Definitions,' provides a list of terms used within the franchise agreement and specifies where those terms are defined. This section acts as a quick reference guide, directing the franchisee to the exact recital, section, or subsection in the agreement where the formal definition of each term can be found.
For example, the term 'Additional Insureds' is defined in section 15.2, 'Branding Cooperative' is defined in section 10.5, and 'Competitive Business' is defined in section 21.1(b). Similarly, 'Franchised Business' is defined in Recital D, 'Marks' is defined in Recital B, and 'Effective Date' is defined in Schedule B. This cross-referencing helps to ensure clarity and avoid ambiguity in the interpretation of the franchise agreement.
For a prospective 1-800-GOT-JUNK? franchisee, this section is valuable for quickly locating the precise definitions of key terms used throughout the agreement. Instead of searching the entire document, franchisees can use this section to efficiently find the relevant definitions, ensuring they understand their rights and obligations under the franchise agreement. Understanding these defined terms is crucial for the franchisee to fully grasp the legal and operational aspects of the 1-800-GOT-JUNK? franchise.