In the Auntie Annes Franchise Agreement, what sections are entirely deleted regarding site acquisition and relocation of the franchised business?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
- C. Section 2.2 (Renewal Term) of the Agreement is deleted in its entirety.
- D. Section 4.3 (Catering and Delivery Services) of the Agreement is deleted in its entirety.
- E. Section 5.3 (Acceptance of Proposed Location) of the Agreement is deleted and replaced with the following:
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to the 2024 Auntie Annes Franchise Disclosure Document, Section 2.2 (Renewal Term) and Section 4.3 (Catering and Delivery Services) of the Franchise Agreement are deleted in their entirety. Additionally, Section 5.3 (Acceptance of Proposed Location) of the Agreement is deleted and replaced with a new section.
For a prospective franchisee, this means that the standard terms regarding renewal and catering/delivery options do not apply and are replaced entirely. The process for acceptance of a proposed location is also modified, so franchisees should pay close attention to the new terms.
It is important for potential franchisees to carefully review the revised and replacement sections within the Franchise Agreement to fully understand their rights and obligations regarding these topics. Specifically, understanding the replacement for Section 5.3 is crucial, as it dictates how Auntie Annes will assess and approve the franchisee's proposed business location.