What exhibit contains the Azal Coffee Transfer Addendum to Franchise Agreement?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
If you acquire an existing Azal Coffee franchise by transfer from another franchisee, you may sign our standard Franchise Agreement as well as an Addendum to Franchise Agreement – Transfer ("Transfer Addendum") (see Exhibit D-1). The Transfer Addendum modifies some of the provisions of the standard Franchise Agreement to reflect the fact that you are acquiring an open and operating Azal Coffee franchise. In a transfer situation, the selling franchisee will sign a Franchise Termination and Release Agreement-Transfer (see Exhibit D-2).
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–11)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, the Transfer Addendum to Franchise Agreement is found in Exhibit D-1. This addendum is relevant if a franchisee acquires an existing Azal Coffee franchise from another franchisee. The Transfer Addendum modifies some provisions of the standard Franchise Agreement to reflect that the franchisee is acquiring an already operating Azal Coffee franchise. In this transfer situation, the selling franchisee will also sign a Franchise Termination and Release Agreement-Transfer, which is found in Exhibit D-2.