Concerning pre-opening purchases/leases for Auntie Annes, what do sections 20.G. and 20.L. in Item 7 refer to?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| b. Pre-Opening | 5, 6, 7, 10, and | 20.G. and | 5, 7, 8, 11, | |
|---|---|---|---|---|
| 20.G. | 9, 11, and | |||
| purchases/ leases | 12.8 | 20.L. | 12 | and 12 |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 59–61)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations. The table within Item 9 cross-references specific obligations to other sections of the FDD for more detailed information. For pre-opening purchases and leases, the table indicates that sections 20.G. and 20.L. are relevant.
Specifically, the table shows that the franchisee's obligations related to pre-opening purchases and leases are further detailed in sections 5, 6, 7, 10, and 12.8 of the franchise agreement, as well as sections 20.G. and 20.L. of the FDD. This means that franchisees should refer to these sections to understand their responsibilities and requirements regarding purchases and leases made before the store opens.
It is important for prospective Auntie Annes franchisees to carefully review Items 7, 9, 20.G, and 20.L of the FDD, along with the specified sections of the franchise agreement, to fully understand their obligations related to pre-opening purchases and leases. This will help them avoid any misunderstandings or potential breaches of the franchise agreement.