According to the Personal Covenants for Auntie Annes, what is the meaning of 'we,' 'us,' or 'our'?

According to Auntie Annes's 2024 Franchise Disclosure Document, the terms 'we,' 'us,' or 'our' in the context of the Personal Covenants refer specifically to Auntie Anne's Franchisor SPV LLC, a Delaware limited liability company. This definition is crucial for understanding the obligations and rights outlined in the Franchise Agreement, particularly within the Personal Covenants section.

The Personal Covenants are signed by individuals with an equity interest in the franchisee, acknowledging their understanding and agreement to be bound by certain obligations as if they were directly contracting with Auntie Annes. This ensures that those who benefit from the franchise are also personally responsible for upholding specific terms of the Franchise Agreement, especially concerning confidential information and restrictive covenants.

For a prospective Auntie Annes franchisee, this means that any obligations or rights referred to as belonging to 'we,' 'us,' or 'our' in the agreement are those of Auntie Anne's Franchisor SPV LLC. Franchisees should pay close attention to these definitions to fully grasp their responsibilities and the franchisor's commitments under the agreement. Understanding these definitions is essential for navigating the legal and operational aspects of the franchise relationship.