In the Azal Coffee franchise agreement, what entity is designated as the franchisee?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Addendum to Lease is entered into this day of | , 20 | |
|---|---|---|
| and modifies a Lease Agreement dated the same date (the "Lease") entered in | nto by _ | |
| ("Franchisee") and | ||
| ("Landlord") for premises located at ( | the "Prer | mises"). |
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- Introduction. Franchisee has entered into a Franchise Agreement with Durar Investment, LLC ("Franchisor"). The Franchise Agreement requires Franchisee's lease for the Premises to contain certain provisions. In consideration of the agreement of Franchisor to enter into a Franchise Agreement with Franchisee for an Azal Coffee franchise to be located at the Premises, Landlord and Franchisee agree that the provisions contained in this Addendum will be applicable to the Lease notwithstanding anything to the contrary contained in the Lease.
- **2.
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2024 FDD)
According to the 2024 Azal Coffee Franchise Disclosure Document, the agreement is established between Durar Investment, LLC, identified as the Franchisor, and the individual or entity entering the agreement as the Franchisee. This relationship is defined within the Franchise Agreement, which outlines the terms and conditions under which the Franchisee is authorized to operate an Azal Coffee franchise.
The Franchise Agreement grants the Franchisee the right to operate a business using Azal Coffee's franchise business systems. In return, the Franchisee agrees to adhere to the standards and procedures set forth by Azal Coffee, including assigning all Telephone Numbers and Electronic Media associated with the Franchise Business to the Franchisor.
Furthermore, the Franchisee is responsible for securing a lease for the premises of their Azal Coffee location, and this lease must contain specific provisions outlined by the Franchisor. The Landlord and Franchisee must grant Azal Coffee the option to be assigned the lease under certain conditions, such as the expiration or termination of the Franchise Agreement or the Franchisee's abandonment of the premises. This ensures that Azal Coffee maintains control over the location and can continue operations even if the original Franchisee is no longer involved.
Prospective franchisees should carefully review the Franchise Agreement and related documents to fully understand their rights and obligations as a Franchisee. Consulting with an attorney or other professional advisor is recommended to assess the potential benefits and risks of entering into the agreement.