What is the legal entity of the Franchisor, Durar Investment, LLC, for Azal Coffee?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| THIS ADDENDUM is made the day of, 20, and modifies a |
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| Franchise Agreement of the same date (the "Franchise Agreement") entered into by Durar Investment, LLC, a Michigan limited liability company, ("Franchisor") and |
| , a(" Franchisee "). In this |
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, Durar Investment, LLC, the franchisor, is identified as a Michigan limited liability company. This detail is specified within an addendum that modifies the Franchise Agreement. This addendum addresses scenarios where a franchisee is acquiring an existing Azal Coffee store from a previous owner.
Knowing that Durar Investment, LLC is a Michigan limited liability company is important for prospective franchisees. It clarifies the legal structure of the company they are entering into an agreement with. This can have implications for liability, taxation, and other legal considerations.
Specifically, the addendum outlines the terms and conditions related to the transfer of an Azal Coffee franchise, including the initial franchise fee, transfer fee, and services provided to the new franchisee. It also addresses the refurbishing requirements for the franchise location and the effective date of the Franchise Agreement in the context of a transfer.