What is the full name of the franchise agreement for 1-800-GOT-JUNK? as indicated in Exhibit B?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
4908-1371-6037.2 B-1 Franchise Agreement 4/22 SCHEDULE B This is Schedule B to a Franchise Agreement between 1-800-GOT-JUNK? LLC, a Delaware limited liability company and
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
According to the 2025 1-800-GOT-JUNK? Franchise Disclosure Document, Exhibit B contains the Franchise Agreement. Schedule B within Exhibit B is referenced as being part of a Franchise Agreement between 1-800-GOT-JUNK? LLC and the franchisee. The exhibit also contains a reference number of 4908-1371-6037.2 and a version date of 4/22. This information is crucial for prospective franchisees as it precisely identifies the agreement they will be entering into.
Understanding the specific agreement and its schedules is essential for any franchisee. The schedules attached to the Franchise Agreement, such as Schedule B, provide further details regarding the franchised business, including the effective date, franchised location, territory, subterritories, scheduled opening date, and the term of the agreement. These details define the scope and limitations of the franchisee's operational rights and responsibilities.
Prospective franchisees should carefully review all schedules and attachments to fully understand their obligations and the franchisor's commitments. Consulting with legal and financial advisors is recommended to ensure a comprehensive understanding of the Franchise Agreement and its implications. This thorough review will help franchisees make informed decisions and avoid potential disputes or misunderstandings in the future.