factual

Does Schedule C of the 1-800-GOT-JUNK? franchise agreement relate to pre-opening purchases/leases?

1_800_Got_Junk Franchise · 2025 FDD

Answer from 2025 FDD Document

4923-7432-4805.1

SCHEDULE C

This is Schedule C to a General Security Agreement

Between

1-800-GOT-JUNK?

LLC, a Delaware limited liability company and

[DEBTOR]

Contact Persons:

For the Debtor:


For the Secured Party:

Brian Scudamore

Source: Item 9 — Franchisee's Obligations (FDD page 23)

What This Means (2025 FDD)

According to the 2025 FDD, Schedule C to the General Security Agreement for 1-800-GOT-JUNK? pertains to contact persons. It lists contact individuals for both the debtor (franchisee) and the secured party (franchisor). For the debtor, a space is provided to fill in the contact person's details, while for the secured party, Brian Scudamore is listed. This schedule does not directly relate to pre-opening purchases or leases.

Other schedules within the 1-800-GOT-JUNK? franchise agreement cover different aspects. Schedule B pertains to franchised business particulars such as the effective date, franchised location, territory, subterritories, scheduled opening date, and term. Schedule D concerns share ownership, listing the names, addresses, and ownership percentages of individuals holding shares in the franchisee's entity. These schedules provide essential details about the franchise agreement but do not focus on pre-opening purchases or leases.

Item 10 of the 1-800-GOT-JUNK? FDD outlines certain pre-opening obligations of 1-800-GOT-JUNK?, such as designating a protected territory, providing artwork for advertising, and supplying an initial inventory of supplies. However, it explicitly states that 1-800-GOT-JUNK? does not provide assistance in selecting or securing the franchised location, conforming it to local ordinances, obtaining permits, or constructing/remodeling the location. This indicates that franchisees are largely responsible for these aspects, including any related purchases or leases.

Prospective 1-800-GOT-JUNK? franchisees should carefully review all schedules and exhibits attached to the franchise agreement to understand their obligations and the franchisor's responsibilities. They should also seek clarification from 1-800-GOT-JUNK? regarding any aspects of pre-opening purchases or leases that are not explicitly addressed in the FDD or franchise agreement.

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.