In the Advanced Mobile Iv And Amiv franchise agreement, what is the meaning of 'include' or 'including'?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
For purposes of this Agreement "Franchisee" and "you" may include an individual, corporation, partnership, limited liability company or other legal entity. "Franchisee" and "you" include any corporation, partnership, limited liability company, individual, combination of individuals, or other legal entity that owns a majority interest of Franchisee, or in which Franchisee owns a majority interest. The term "Franchisee" and "you" include, collectively and individually, all owners, managers, officers, directors, partners, principals and holders of a beneficial interest of Franchisee, and of any legal entity directly or indirectly controlling Franchisee. The term "Franchisee" and "you" will include all persons who succeed to Franchisee's interest by transfer or by operation of law.
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 terms 'Franchisee' and 'you' are broadly defined. The definition extends beyond just the individual or entity that directly signs the franchise agreement. It encompasses various related parties and successors.
Specifically, the terms 'Franchisee' and 'you' can refer to an individual, corporation, partnership, limited liability company, or any other legal entity. This definition also includes any corporation, partnership, limited liability company, individual, or combination of individuals that owns a majority interest in the franchisee, or in which the franchisee owns a majority interest. This ensures that the obligations and rights under the agreement extend to those who have a controlling financial stake in the franchise.
Furthermore, the definition includes all owners, managers, officers, directors, partners, principals, and holders of a beneficial interest in the franchisee, as well as any legal entity that directly or indirectly controls the franchisee. This comprehensive inclusion ensures that all individuals with significant influence or control over the franchise operation are bound by the terms of the agreement. Finally, the terms also apply to any persons who succeed to the franchisee's interest, whether through transfer or by operation of law, ensuring continuity of the franchise agreement even if ownership changes.