What is the full name of the franchisee signing the Auntie Annes SRU Addendum?

According to the 2024 Auntie Annes Franchise Disclosure Document, the franchisee signing the Satellite Retail Unit (SRU) Addendum is identified by a placeholder. Specifically, the document indicates that the franchisee's name will appear as «Z1_First_Name» «Z1_Last_Name» a «Z1_State_of_Formation» «Z1_Entity_Type». Additionally, the name and title of the person signing on behalf of the franchisee will appear as «Signee_1_name» and «Signee_1_title», with a second potential signatory as «Signee_2_name» and «Signee_2_title».

This placeholder format suggests that the actual name of the franchisee will be inserted into the agreement at the time of signing. The SRU addendum outlines the terms and conditions under which the franchisee (Lessee) may lease a Satellite Retail Unit from Auntie Annes (Lessor) to operate in conjunction with their main Auntie Anne's shop. The agreement also specifies that the franchisee must operate the SRU in accordance with the Franchise Agreement and any other agreements with Auntie Annes.

It is important for a prospective Auntie Annes franchisee to understand that the SRU is owned or leased by Auntie Annes, and the franchisee cannot claim ownership unless Auntie Annes, at its sole discretion, allows the franchisee to purchase it. Furthermore, the franchisee is responsible for indemnifying Auntie Annes against any losses, claims, or expenses arising from the use, condition, or operation of the SRU.

Given the use of placeholders in the FDD, a potential franchisee should confirm with Auntie Annes the exact legal name that will be used on all agreements before signing. This ensures clarity and avoids any potential legal issues related to the identity of the contracting party.