Does the Auntie Annes Franchise Agreement include a schedule outlining franchise-specific terms, and if so, what is it labeled?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
The following contracts and related documents are attached to this Disclosure Document.
EXHIBIT B AUNTIE ANNE'S FRANCHISE AGREEMENT AND RELATED AGREEMENTS:
Schedule A - Franchise Specific Terms
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, the Franchise Agreement does include a schedule outlining franchise-specific terms. This schedule is labeled as "Schedule A - Franchise Specific Terms." This schedule is attached as Exhibit B to the Disclosure Document.
For a prospective franchisee, Schedule A is a critical document as it contains terms specific to their individual franchise unit. These terms could include the effective date of the agreement, approved products, and the primary trademark or service mark under which the franchise will operate. It is also important to note that if a franchisee is operating a Concession Shop, a specific schedule will replace Schedule A of the Franchise Agreement.
Furthermore, the Franchise Agreement explicitly states that the agreement is made and entered into as of the date specified in Schedule A, which is referred to as the "Effective Date." The agreement also mentions that Schedule A, along with all appendices and schedules attached to the agreement, are incorporated by reference into the Franchise Agreement. This means that Schedule A is an integral part of the overall agreement and carries significant weight in defining the terms and conditions of the franchise.
Finally, a signature page for Schedule A is included, indicating that both Auntie Anne's Franchisor SPV LLC and the franchisee must sign the document. This underscores the importance of Schedule A as a legally binding component of the Franchise Agreement, solidifying the specific terms agreed upon by both parties.