What are the assumed meanings of 'we' and 'you' within the Annex Brands disclosure document?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
To simplify the language in this disclosure document, "we" and "us" mean Annex Brands, Inc., the franchisor. "You" means the person who is considering the franchise. If you are a legal entity, certain provisions of the franchise agreement and related agreements will apply to your officers, directors, shareholders, partners, members and other owners. Those provisions are noted.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–13)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the terms 'we' and 'us' are used to refer to Annex Brands, Inc., the franchisor. The term 'you' refers to the person who is considering purchasing the franchise.
For prospective franchisees, this means that any statement using 'we' or 'us' is a direct statement or obligation of Annex Brands itself. Conversely, any statement using 'you' is directed at the potential franchisee and outlines their responsibilities or considerations.
The FDD also clarifies that if the prospective franchisee is a legal entity (like a corporation or LLC), certain provisions within the franchise agreement and related documents will extend to the entity's officers, directors, shareholders, partners, members, and other owners. The FDD will specifically note when these provisions apply to those individuals associated with the legal entity.