What exhibit in the Franchise Disclosure Document contains the DSA Agreements for Aunt Millies Bakeries?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
All Agreements between Distributor and Distribution Services of America, Inc. ("DSA"), including the Promissory Note, Financing Security Agreement, and Loan Proceeds Distribution Authorization (collectively "DSA Agreements") attached as Exhibit J to the Franchise Disclosure Document, are amended as follows:
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- Illinois law governs the DSA Agreement.
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- Franchisees' rights upon Termination and Non-Renewal are set forth in sections 19 and 20 of the Illinois Disclosure Act.
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- In conformance with Section 4 of the Illinois Franchise Disclosure Act, any provision in a franchise agreement that designates jurisdiction and venue in a forum outside of the State of Illinois is void. However, arbitration may take place outside of Illinois.
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- Section 41 of the Illinois Franchise Disclosure Act provides that any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law of Illinois is void.
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- There is no formal training program and no Operations Manual for this franchise.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the DSA (Distribution Services of America, Inc.) Agreements, which include the Promissory Note, Financing Security Agreement, and Loan Proceeds Distribution Authorization, are attached as Exhibit J to the Franchise Disclosure Document. These agreements outline the terms between the distributor (franchisee) and DSA regarding financing.
Exhibit M to the Franchise Disclosure Document includes an addendum that amends the DSA Agreements for franchisees in Illinois. This addendum specifies that Illinois law governs the DSA Agreement and includes provisions related to franchisees' rights upon termination and non-renewal, jurisdiction and venue, and compliance with the Illinois Franchise Disclosure Act.
Prospective franchisees should carefully review Exhibit J and Exhibit M to understand the full scope of their obligations and rights under the DSA Agreements, particularly if they are operating in Illinois. Understanding the financing terms and legal stipulations is crucial for making an informed decision about investing in an Aunt Millies Bakeries franchise.