Does the Afuri Ramen Dumpling Franchise Agreement include exhibits and schedules?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
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Our registered agents for service of process are outlined in Exhibit C to this disclosure document.
The Franchises We Offer
We license our franchisees to own and to operate franchises under the "Afuri"-related names and marks.
Source: Item 22 — Contracts (FDD page 50)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, the agreement includes exhibits and schedules. Specifically, Exhibit C lists the registered agents for service of process, and Exhibit N is a receipt, indicating that these are part of the FDD. Additionally, Exhibit 3 is referenced in the context of the Afuri Franchise Agreement, relating to the franchise opening schedule. These exhibits provide additional details and information related to various aspects of the franchise agreement, such as legal processes, franchise terms, and development timelines.
For a prospective Afuri Ramen Dumpling franchisee, the exhibits and schedules are important because they contain essential information that supplements the main franchise agreement. For example, Exhibit C provides contact information for legal representatives, which could be crucial if legal issues arise. Exhibit N serves as an acknowledgment that the franchisee has received the FDD, confirming compliance with disclosure requirements. Exhibit 3 outlines the development schedule, which dictates the timeline for opening new restaurants and maintaining continuous operation.
It is typical for franchise agreements to include exhibits and schedules that provide additional details and clarification on specific aspects of the agreement. These attachments can cover a wide range of topics, such as financial statements, training programs, operational guidelines, and territory maps. Franchisees should carefully review all exhibits and schedules to fully understand their rights and obligations under the franchise agreement.
Therefore, prospective Afuri Ramen Dumpling franchisees should pay close attention to all referenced exhibits and schedules within the Franchise Disclosure Document. These documents provide critical details that can impact their investment and operational responsibilities. Understanding these supplementary materials is essential for making an informed decision about investing in an Afuri Ramen Dumpling franchise.