What is the name of the agreement discussed in this section for Afuri Ramen Dumpling franchisees?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| "Afuri" | and "Franchisor") | | and | and | and | | (jointly and | | severally "you" | | | | | | and "Franchisee"). | | | | |
RECITALS
- A. For purposes of this Agreement "you" may include an individual, corporation, partnership, limited liability company or other legal entity. "You" includes any corporation, partnership, limited liability company, individual, combination of individuals, or other legal entity that owns a majority interest of you, or in which you own a majority interest. The term "you" will include all persons who succeed to your interest by transfer or by operation of law.
- B. We have certain rights to, have registered in various jurisdictions, and intend to continue to develop names, trademarks, service marks, logos, commercial symbols, and styles. These include, but are not limited to, "Afuri®," "Afuri Ramen + Dumpling®," and related logos (the " Marks"). We own valuable goodwill and have valuable expertise, Confidential Information (defined below), methods, procedures, techniques, uniform standards, operations manuals, inventory control guidelines, systems, layouts, merchandise, and materials. These are connected with the operation, promotion, and advertising of businesses that operate fast-casual restaurants that offer freshly prepared ramen (Japanese style noodle) dishes with a diverse selection of broths, noodles, proteins, sauces and garnishes as well as sushi, rice bowls, Japanese appetizers and other food and beverage products under the Marks (the "System").
- C. As a franchisee, you are in an independent contractor relationship with us. You independently own and operate your Franchise. While we establish standards and recommendations for desired outcomes to protect our systems and brand, as an independent contractor franchisee, you generally determine the means to accomplish such outcomes. You are responsible for the day-to-day operation of your Franchise.
- D. You desire us to train you and to authorize you to operate a high-caliber Afuri franchise and to use our System and Marks. We are willing to grant you such a franchise on the terms and conditions set forth in this Agreement.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the agreement discussed in this section for franchisees is referred to as the 'Agreement'. This agreement outlines the terms and conditions under which Afuri Franchise, Inc. grants a franchise to the franchisee to operate an Afuri Ramen + Dumpling restaurant.
The agreement covers various aspects of the franchise relationship, including the grant of the franchise, the franchisee's rights to use Afuri's system and marks, and the franchisee's obligations as an independent contractor. It also addresses the franchisee's desire to receive training and authorization to operate an Afuri franchise.
Furthermore, the agreement includes mutual promises and covenants between Afuri Franchise, Inc. and the franchisee, detailing their respective responsibilities and expectations. This foundational document sets the stage for the entire franchise operation, ensuring both parties understand their roles and commitments within the Afuri Ramen + Dumpling franchise system.