Does the All States M.E.D. Franchise Agreement include a Schedule 4 that contains a Lease Addendum?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
Schedule 4-Lease Addendum
Source: Item 22 — CONTRACTS (FDD page 44)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the Franchise Agreement includes a Schedule 4 that contains a Lease Addendum. This is confirmed in Item 23, which lists the schedules attached to the Franchise Agreement, and Item 22, which lists the contracts attached to the Disclosure Document, both of which include Schedule 4-Lease Addendum.
For a prospective franchisee, this means that the lease agreement for the business location is a standardized part of the franchise agreement. The Lease Addendum likely outlines specific requirements or clauses that All States M.E.D. requires in the lease to protect its interests and ensure consistency across all franchised locations.
It is important for the franchisee to carefully review the Lease Addendum and understand its implications. This includes understanding the responsibilities of both the franchisee and the landlord, as well as any restrictions or requirements related to the use of the property. Franchisees should also seek legal counsel to review the lease and ensure that it is in their best interest.