What information about the franchisee is captured in the Auntie Annes SRU Addendum?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| COMPANY: | FRANCHISEE: |
|---|---|
| AUNTIE ANNE'S LLC | «Z1_First_Name» «Z1_Last_Name» a «Z1_State_of_Formation» «Z1_Entity_Type» |
| By: | By: |
| Name: Tim Goodman | |
| Title: Senior Vice President | |
| Franchise Administration | Name: «Signee_1_name» Title: «Signee_1_title» |
| Date: | Date: By: Name: «Signee_2_name» Title: «Signee_2_title» Date: |
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, the Satellite Retail Unit (SRU) Addendum captures specific details about the franchisee. The document records the franchisee's first and last name, state of formation, and entity type. This information is essential for legally binding the franchisee to the terms and conditions outlined in the SRU Addendum.
Furthermore, the SRU Addendum includes the franchisee's contact street address, city, state, and zip code for the purpose of sending official notices. This ensures that Auntie Anne's has accurate contact information for all formal communications related to the SRU. The agreement also requires the franchisee to provide the names and titles of individuals authorized to sign on behalf of the franchisee's entity, along with the dates of their signatures, which further validates the agreement.
In practical terms, this means that prospective Auntie Anne's franchisees should carefully review the SRU Addendum to ensure all their personal and business details are accurately reflected. Any discrepancies could lead to legal and administrative issues down the line. Franchisees should also understand that this information is crucial for receiving important notices and updates from the franchisor throughout the term of the agreement.