In the Angry Chickz franchise agreement, what information is required for both the 'Company' and the 'Developer' when signing?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS ADDENDUM is entered into as of, 20 between ANGRY | |
|---|---|
| CHICKZ FRANCHISING LLC, a California limited liability company ("Company"), and , a ("Franchisee"), with reference to the | |
| following: | |
| 1. Chickz business, Developer will pay to Franchisor the development fee. | In the State of California, Angry Chickz will defer the payment of the development fee attributed to each Angry Chickz business that Developer agrees to develop under this Agreement until that Angry Chickz business opens for business. Upon the opening of each Angry |
| 2. | Except as set forth herein, the Area Development Agreement shall be valid and |
| enforceable between the parties in accordance with its terms. | |
| Addendum as of the Effective Date identified below. | IN WITNESS WHEREOF, the parties have duly executed, sealed and delivered this |
| "Company" | "Developer" |
| ANGRY CHICKZ FRANCHISING LLC, a California limited liability company | , [ ] an individual [ ] a general partnership; [ ] a limited partnership; |
| By: | [ ] a limited liability company; |
| Name: | [ ] a corporation; |
| Its: | By: |
| Date of signing: | Name: Its: Date of signing: |
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, the addendum to the franchise agreement requires specific information from both the 'Company' (Angry Chickz Franchising LLC) and the 'Developer' (the franchisee) upon signing. For the 'Company', the requirements include the signature ('By:'), printed name, title ('Its:'), and the date of signing.
Similarly, the 'Developer' must provide their signature ('By:'), printed name, title ('Its:'), and the date of signing. Additionally, the 'Developer' needs to specify their business structure by indicating whether they are signing as an individual, a general partnership, a limited partnership, a limited liability company, or a corporation by marking the appropriate option.
This level of detail ensures that both parties are clearly identified and that the agreement is formally executed. Prospective franchisees should ensure they understand the implications of their business structure choice, as it can affect liability and tax obligations. The date of signing is crucial for establishing the effective date of the agreement and related obligations.