Does the Advanced Mobile Iv And Amiv franchise agreement include schedules?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
sed Methods, as they may be changed, improved, and further developed by Franchisor from time to time, only in accordance with the terms and conditions of this Agreement. The term "Franchise" shall include the entire enterprise that Franchisee is authorized to conduct under this Agreement.
This grant solely is for the operation by Franchisee of one Advanced Mobile IV franchise within the geographical territory identified in the attached Schedule 1 (the "Franchise Territory"). Franchisee may not operate outside the Franchise Territory without Franchisor's prior written consent. To operate outside of the
1 – ADVANCED MOBILE IV FRANCHISE AGREEMENT
state boundaries in which the Franchise Territory is located Franchisee must receive Franchisor's prior written consent and Franchisee must execute a separate franchise agreement for that territory. To establish additional franchises, Franchisee must not be in default in any material provision of this Agreement and any and all other agreements between Franchisee and Franchisor or its affiliates; Franchisee's proposed territory must meet Franchisor's franchise placement and market penetration guidelines and criteria; and Franchisee must sign Franchisor's then-current franchise agreement for that franchise. The franchise territory must also be legally available in compliance with federal and state franchise disclosure and registration laws and contractually available pursuant to contractual obligations to other Advanced Mobile IV franchisees.
If the Franchise Territory is comprised of postal ZIP codes and if the U.S. Postal Service moves, alters, or eliminates any of the ZIP code(s) that are part of the Franchise Territory, Franchisor has the right to redefine the boundaries of the Franchise Territory to correspond as nearly as possible to the original territorial border.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to the 2023 Advanced Mobile Iv And Amiv Franchise Disclosure Document, the franchise agreement does include schedules. Specifically, Schedule 1 defines the franchisee's territory, and Schedule 4 outlines the minimum performance benchmarks required of the franchisee.
Schedule 1, as referenced in the franchise agreement, defines the specific geographical territory granted to the franchisee. The franchisee is authorized to operate their Advanced Mobile Iv And Amiv business within this defined area for a term of 5 years. Operating outside this territory requires prior written consent from Advanced Mobile Iv And Amiv, and may necessitate a separate franchise agreement.
Schedule 4 outlines the minimum performance benchmarks that the franchisee is expected to meet. Failure to achieve these benchmarks may result in Advanced Mobile Iv And Amiv terminating the agreement or reducing the size or scope of the protected franchise territory. These performance benchmarks likely include specific sales targets or other operational metrics that Advanced Mobile Iv And Amiv uses to evaluate the franchisee's success.