factual

What is the meaning of 'Cross-Reference Definitions' in the 1-800-GOT-JUNK? Franchise Agreement, as outlined in section 1.2?

1_800_Got_Junk Franchise · 2025 FDD

Answer from 2025 FDD Document

.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 3.5, Schedule B

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, 'Cross-Reference Definitions' provides a quick reference guide to terms used within the agreement. This section lists key terms and points to the specific recital, section, or subsection where each term is formally defined. This allows franchisees to easily locate the full legal definition of important terms used throughout the Franchise Agreement.

For a prospective 1-800-GOT-JUNK? franchisee, this cross-reference is a valuable tool for understanding the agreement. For example, if a franchisee is unsure what constitutes 'Gross Revenue' or 'Confidential Information,' they can quickly refer to the cross-reference to find the exact section where these terms are defined. This can save time and reduce potential misunderstandings about the obligations and rights outlined in the agreement.

Some of the terms defined and cross-referenced include '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), and 'Minimum Royalty'.

By using these cross-reference definitions, a franchisee can ensure they understand the specific meaning of terms as they are used in the 1-800-GOT-JUNK? Franchise Agreement, which is crucial for compliance and successful operation of their franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.