factual

In the context of the Anago franchise agreement, where are the defined terms located?

Anago Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchise Agreement, submit a notice to us indicating that you intend to sell your Unit Franchise. Following Our receipt of such notice, you will have at least 180 days (if necessary, we will extend the Term of this Agreement in order to provide you at least 180 days to sell Your Unit Franchise, unless We have grounds to otherwise terminate this Agreement) to sell Your Unit Franchise, subject to Our right of first refusal and our right to approve of any transferee. This transfer must be in compliance with the provisions of Subsection 10.2(e) and all the other applicable provisions of this Agreement.

ARTICLE 17 - DEFINITIONS

SECTION 17.1 DEFINITIONS.

As used in this Agreement, the Exhibits attached to this Agreement and all other documents signed incidental to this Agreement and any Exhibits to those documents, the following terms have the following meanings:

  • "Account" means a Client or Current Client.
  • "Account Transfer Fee" means the fee we will assess if We transfer an Account from You to another Anago Unit Franchise as and under the circumstances described in Section 3.1(h) of this Agreement.
    • "Administration Fee" means the fee described in Subsection 3.1(c).
    • "Advertising Contributions" means the payments described in Subsection 3.1(d).
  • "Advance Payment Fee" means if We advance collected funds, but the funds are not yet payable to You, You will pay a processing fee of $25. If We loan You uncollected funds, You will pay a processing fee of $25 plus interest at the rate of 18% per annum until fully paid.
  • "Affiliate" / "Business Affiliate" means a company related to Us, for example, a parent corporation, brother/sister corporation or subsidiary corporation.
  • "Agreement" means this Anago Unit Franchise Agreement, as it may be amended, supplemented or otherwise modified by an Agreement in writing signed by You and Us under Section 18

Source: Item 23 — RECEIPTS (FDD pages 62–298)

What This Means (2025 FDD)

According to Anago's 2025 Franchise Disclosure Document, the defined terms applicable to the Anago Unit Franchise Agreement are located in Section 17.1 of Article 17. This section specifies that the definitions provided apply to the franchise agreement itself, any exhibits attached to the agreement, and all other documents signed in connection with the agreement, including any exhibits to those documents.

For a prospective Anago franchisee, this means that when reviewing the franchise agreement and related documents, Article 17, Section 17.1 is the primary reference point for understanding the specific meaning of terms used throughout the agreement. This section helps to ensure clarity and avoid ambiguity in the interpretation of the agreement's provisions.

It is important for franchisees to carefully review these definitions, as they can significantly impact their rights and obligations under the franchise agreement. Understanding the precise meaning of terms such as "Account," "Agreement," "Anago Unit Franchise," and other defined terms is crucial for making informed decisions and ensuring compliance with the agreement's requirements.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.