Which item in the Afuri Ramen Dumpling Disclosure Document discusses post-termination obligations?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| OBLIGATION | SECTION IN FRANCHISE AGREEMENT (“FA”) | DISCLOSURE DOCUMENT ITEM |
|---|---|---|
| t. Transfer | FA Section 7 | Item 17 |
| u. Renewal | FA Section 6.1 | Item 17 |
| v. Post-termination obligations | FA Sections 5.6, 5.7, 6.5, 6.6, 6.7, 9.9, 9.10 | Item 17 |
| w. Non-competition covenants | FA Sections 5.8, 5.9, 6.5, 6.6, 6.8, 9.9, 9.10 | Item 17 |
| x. Dispute resolution | FA Sections 9.7 & 9.8 | Item 17 |
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 27–34)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, Item 17 discusses post-termination obligations. Specifically, the table within Item 11 cross-references different obligations to sections in the Franchise Agreement and corresponding items in the disclosure document.
Specifically, post-termination obligations are detailed in Franchise Agreement Sections 5.6, 5.7, 6.5, 6.6, 6.7, 9.9, and 9.10, and are further discussed in Item 17 of the FDD. This means that Item 17 contains information about what an Afuri Ramen Dumpling franchisee must do after the franchise agreement ends, which could include restrictions on operating a similar business, confidentiality requirements, and other responsibilities.
Prospective franchisees should carefully review Item 17 and the referenced sections of the Franchise Agreement to understand their obligations upon termination or expiration of the franchise agreement. Understanding these obligations is crucial for making informed decisions about entering into a franchise agreement with Afuri Ramen Dumpling.