In the Auntie Annes SRU Addendum, what does 'we' or 'us' refer to?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| Auntie Anne's SRU No |
|---|
| AUNTIE ANNE'S SATELLITE RETAIL UNIT ADDENDUM |
| This Addendum (the "SRU Addendum") is signed as of, 20 |
| (the "SRU Addendum Date") between Auntie Anne's Franchisor SPV LLC, a Delaware limited |
| liability |
| company |
| ("we" |
| or |
| "us") |
| and |
| «Z1_First_Name» |
| «Z1_Last_Name», |
| a |
| «Z1_State_of_Formation» |
| «Z1_Entity_Type», |
| «Z2_First_Name» |
| «Z2_Last_Name», |
| a |
| «Z2_State_of_Formation» |
| «Z2_Entity_Type»«Z3_First_Name» |
| «Z3_Last_Name», |
| a |
| «Z3_State_of_Formation» |
| «Z3_Entity_Type»«Z4_First_Name» |
| «Z4_Last_Name», |
| a |
| «Z4_State_of_Formation» «Z4_Entity_Type»«Z5_First_Name» |
| «Z5_Last_Name» ("you"). |
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, in the context of the Satellite Retail Unit (SRU) Addendum, the terms "we" or "us" refer to Auntie Anne's Franchisor SPV LLC, a Delaware limited liability company. This definition is crucial for understanding the SRU Addendum, as it clarifies which entity is making agreements and granting rights within the document.
Specifically, the SRU Addendum is an agreement between Auntie Anne's Franchisor SPV LLC and the franchisee, outlining the terms under which the franchisee is allowed to operate a satellite retail unit. This addendum modifies the original Franchise Agreement to accommodate the SRU operation. Understanding that "we" or "us" refers to Auntie Anne's Franchisor SPV LLC ensures that franchisees correctly interpret their obligations and the franchisor's commitments within the SRU Addendum.
For a prospective franchisee, this means that any obligations or rights assigned to "we" or "us" in the SRU Addendum are the responsibility of or are controlled by Auntie Anne's Franchisor SPV LLC. This distinction is important for legal and operational clarity, ensuring that both parties understand their respective roles and responsibilities concerning the satellite retail unit.