According to the Multi-Unit Addendum for Auntie Annes, who is considered 'we' or 'us'?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Multi-Unit Addendum (the "MU Addendum") is signed as of |
|---|
| between Auntie Anne's Franchisor SPV LLC ("we" or "us") and «Z1_First_Name», a |
| «Z1_State_of_Formation» |
| «Z1_Entity_Type»«Z2_First_Name»«Z2_Last_Name»«Z3_First_Name»«Z3_Last_Name»«Z4_ |
| First_Name»«Z4_Last_Name»«Z5_First_Name»«Z5_Last_Name» ("you"). |
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, specifically within the context of the Multi-Unit Addendum, the terms 'we' or 'us' refer to Auntie Anne's Franchisor SPV LLC. This designation is important for franchisees to understand, as it clarifies the entity with whom they are contracting in the agreement. Auntie Annes Franchisor SPV LLC, is a Delaware limited liability company.
This definition is crucial for interpreting the rights, obligations, and responsibilities outlined in the Multi-Unit Addendum. Franchisees should note that all contractual obligations and benefits attributed to 'we' or 'us' in the document are those of Auntie Anne's Franchisor SPV LLC. This understanding helps to avoid any confusion regarding which entity is accountable for fulfilling the franchisor's duties as described in the agreement.
Prospective franchisees should carefully review the Multi-Unit Addendum and the Franchise Agreement to fully understand the implications of this definition. Knowing exactly who 'we' or 'us' refers to ensures that franchisees can accurately assess their legal relationship with Auntie Annes and identify the appropriate party to contact for any contractual matters or concerns.