Before entering a lease or purchase agreement, what documents must I submit to Afuri Ramen Dumpling for approval?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
- 1.3.6 Before you enter a lease or purchase agreement for the Franchise Premises, you will submit the lease or purchase documents to us for approval.
Lease documents must include the Franchise Premises Lease Agreement Rider attached in Exhibit 2 or otherwise include an assignment of the lease in a form we approve, pursuant to which we may assume the lease as provided in Exhibit 2.
You will deliver to us a true copy of the lease and any additions or amendments to it promptly after they are executed.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, before a franchisee enters into a lease or purchase agreement for the franchise premises, they must submit the lease or purchase documents to Afuri Ramen Dumpling for approval. The lease documents must include the Franchise Premises Lease Agreement Rider attached as Exhibit 2 in the FDD, or the lease must include an assignment of the lease in a form approved by Afuri Ramen Dumpling, which allows Afuri Ramen Dumpling to assume the lease as detailed in Exhibit 2.
It is important to note that the franchisee is responsible for reviewing and determining the suitability of the lease. Afuri Ramen Dumpling bears no liability regarding the selection or approval of the location or the lease for the premises, including any site recommendations they might make.
Furthermore, the franchisee must provide Afuri Ramen Dumpling with a true copy of the lease and any subsequent additions or amendments promptly after they are executed. This ensures that Afuri Ramen Dumpling remains informed about the lease terms throughout the duration of the agreement.