Does the Angry Chickz franchise agreement define 'Basic Terms' in Article 1?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| ARTICLE 1 |
|---|
| BASIC TERMS AND CERTAIN DEFINITIONS |
| 1.1 |
| Basic Terms. |
| 1.1.1 |
| "Initial Fee" means $ |
| 1.1.2 |
| "Franchisee's Address for Notices" means: |
1.2 Certain Defined Terms. Unless otherwise defined in this Agreement, capitalized terms shall have the meanings set forth in Exhibit B.
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, Article 1 of the franchise agreement is titled "BASIC TERMS AND CERTAIN DEFINITIONS." Section 1.1, labeled "Basic Terms," defines terms such as "Initial Fee" and "Franchisee's Address for Notices." The initial fee definition is incomplete in the excerpt, as the dollar amount is missing.
Section 1.2 refers to "Certain Defined Terms" and indicates that unless otherwise defined in the agreement, capitalized terms will have the meanings set forth in Exhibit B. This means that some key definitions are not within the main body of the agreement but are instead located in an exhibit.
Prospective Angry Chickz franchisees should carefully review Article 1 and Exhibit B to fully understand all defined terms, as these definitions will govern the interpretation and enforcement of the franchise agreement. It is important to note the specific dollar amount for the initial franchise fee, as well as understand how other key terms are defined and where to find those definitions within the agreement and its exhibits.