According to the Auntie Annes franchise agreement, what is the relationship between the franchisee and Auntie Annes?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
THIS FRANCHISE AGREEMENT (this "Agreement") is made and entered into as of the date specified in Schedule A (the "Effective Date") (Schedule A and all appendices and schedules attached to this Agreement are hereby incorporated by this reference) between the franchisor specified in Schedule A ("Franchisor," "we," "us," or "our") and the franchisee specified in Schedule A ("Franchisee," "you," or "your").
RECITALS:
- A.
We and our affiliates have developed and own, and will continue to develop, a distinctive business format and set of specifications and operating procedures (collectively, the "System") relating to the development, establishment, and operation of food-related businesses offering the approved products specified in Schedule A (the "Approved Products") under the primary trademark or service mark specified in Schedule A (the "Primary Mark").
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to the 2024 Auntie Annes Franchise Disclosure Document, the franchise agreement establishes a relationship between Auntie Anne's Franchisor SPV LLC, referred to as "we," "us," or "our," and the franchisee, referred to as "you" or "your." This agreement outlines the terms and conditions under which the franchisee will operate an Auntie Anne's franchise.
The agreement grants the franchisee the right to develop, establish, and operate a food-related business offering approved products under Auntie Anne's distinctive business format and operating procedures, known as the "System." The franchisee is authorized to use Auntie Anne's primary trademark or service mark in connection with the business.
Several other agreements are related to the franchise agreement, including a Non-Disclosure and Confidentiality Agreement, Concession Shop Schedule, Co-Branded Shop Schedule, Satellite Retail Unit Addendum, Satellite Retail Unit Lease Agreement, General Release, and POS System Support Services Agreement. These agreements further define the obligations and responsibilities of both Auntie Annes and the franchisee during the term of the franchise relationship.