Does the Azal Coffee franchise agreement include a reference to 'DURAR INVESTMENT, LLC, a Michigan'?
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. |
Source: Item 23 — RECEIPTS (FDD pages 51–204)
What This Means (2024 FDD)
According to the 2024 Azal Coffee Franchise Disclosure Document, the franchise agreement does include a reference to 'DURAR INVESTMENT, LLC, a Michigan'. Specifically, the document identifies Durar Investment, LLC as the Franchisor in the context of the Franchise Agreement. This indicates that Durar Investment, LLC, a Michigan limited liability company, is the entity granting the franchise to operate an Azal Coffee franchise.
This reference is important for prospective franchisees as it clearly identifies the legal entity they will be contracting with. Knowing the franchisor's legal name and state of formation is essential for understanding the legal framework governing the franchise relationship. This information can be relevant in the event of disputes or legal proceedings, as the laws of Michigan may apply to the interpretation and enforcement of the franchise agreement.
Furthermore, the FDD includes a statement that if Azal Coffee (Durar Investment, LLC) offers a franchise, it must provide the disclosure document to the prospective franchisee 14 calendar days before signing a binding agreement or making a payment. This disclosure period is mandated by federal law and provides franchisees with an opportunity to carefully review the terms of the franchise agreement and seek professional advice before committing to the franchise. Certain states like Iowa, New York, Rhode Island, Michigan and Oregon have specific timelines for providing the disclosure document.