When is the Franchise Territory definition completed in the Afuri Ramen Dumpling Franchise Agreement?

According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, the franchise territory for each franchise location will be designated by Afuri Ramen Dumpling before the franchisee opens each relevant franchise premises. The Franchise Territory and Franchise Premises must be in the United States of America and legally available pursuant to state and federal franchise and business opportunity disclosure and registration laws. It must also comply with Afuri Ramen Dumpling's contractual commitments, including those with other franchisees, and be in compliance with their franchise placement, market development, and demographic criteria.

This means that while the Franchise Agreement grants a territory, the specific boundaries are not finalized until just before the restaurant opens. This allows Afuri Ramen Dumpling to consider current market conditions, legal requirements, and existing franchisee territories when defining the area.

A prospective Afuri Ramen Dumpling franchisee should carefully review the territory definition process with the franchisor and understand the criteria used to determine the territory boundaries. They should also investigate the demographic data and market analysis used to ensure the territory offers sufficient potential customers. It is important to note that there are no other understandings, oral or written, concerning the future placement of restaurants by any party and concerning any territory protections granted to the franchisee, except as specifically outlined or forbidden in the relevant Franchise Agreement.