After executing the lease, when must I deliver a copy to Afuri Ramen Dumpling?

According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, after you execute a lease for the Franchise Premises, you must promptly deliver a true copy of the lease, including any additions or amendments, to Afuri Ramen Dumpling. This requirement ensures that Afuri Ramen Dumpling has a complete and up-to-date record of the lease agreement for the location of your franchise.

Prior to entering into a lease, you must submit the lease 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 include an assignment of the lease in a form approved by Afuri Ramen Dumpling, which allows them to assume the lease as detailed in Exhibit 2. This process allows Afuri Ramen Dumpling to review and approve the lease terms to ensure they meet the brand's standards and protect their interests.

This requirement is in place to protect Afuri Ramen Dumpling's interests and ensure compliance with their standards. By retaining the right to review and approve the lease, Afuri Ramen Dumpling can maintain control over the locations of its franchises and mitigate potential risks associated with unfavorable lease terms. Franchisees should be aware of these requirements and plan to submit all lease-related documents promptly to avoid delays or potential issues with their franchise agreement.