Does the Azal Coffee franchise agreement include a reference to 'DURAR INVESTMENT, LLC'?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| I am an employee or trainee of | (the | |
|---|---|---|
| "Company"). The Company operates or is developing an Azal Coffee | ||
| franchise under a | ||
| Franchise Agreement between the Company and Durar Investment, LLC (the "Franchisor") or of | ||
| one of its affiliates or franchisees. |
RECEIPT
This disclosure document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Durar Investment, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, Durar Investment, LLC or an affiliate in connection with the proposed franchise sale. Iowa, New York, and Rhode Island require that Durar Investment, LLC gives you this disclosure document at the earlier of the first personal meeting or 10 business days before you sign a binding agreement or pay any consideration that relates to the franchise relationship. Michigan and Oregon require that Durar Investment, LLC gives you this disclosure document at least 10 business days before you sign a binding agreement or pay any consideration, whichever occurs first.
Source: Item 23 — RECEIPTS (FDD pages 51–204)
What This Means (2024 FDD)
According to the 2024 Azal Coffee Franchise Disclosure Document, DURAR INVESTMENT, LLC is referenced within the context of the franchise agreement. Specifically, the document mentions that a company may operate or develop an Azal Coffee store franchise under a Franchise Agreement between the company and Durar Investment, LLC, which is identified as the Franchisor.
This indicates that Durar Investment, LLC is the entity granting the franchise to operate an Azal Coffee store. As a prospective franchisee, it's crucial to understand the exact relationship and obligations outlined in the franchise agreement with Durar Investment, LLC. This includes understanding the roles, responsibilities, and rights of both the franchisee and franchisor as defined in the agreement.
Furthermore, the FDD highlights that if Durar Investment, LLC offers a franchise, they must provide the disclosure document to the potential franchisee 14 calendar days before signing any binding agreement or making any payment related to the franchise. Certain states like Iowa, New York, and Rhode Island have different requirements, mandating the disclosure document be provided at the earlier of the first personal meeting or 10 business days before signing an agreement or paying consideration. Michigan and Oregon require at least 10 business days before signing or paying any consideration, whichever comes first.
It is important for a prospective Azal Coffee franchisee to carefully review the Franchise Agreement and Disclosure Document to fully understand the terms and conditions, and to seek legal counsel if needed. This ensures compliance with both federal and state laws and helps in making an informed decision about investing in an Azal Coffee franchise.