Does Bananas Smoothies Frozen Yogurt include a Deposit Agreement as one of its exhibits?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT ONE J
to the Franchise Agreement between Franchisor and Franchisee. The terms and definitions set out in the Summary Page of the Franchise Agreement are incorporated herein and made a part hereof as if fully set out.
NOT APPLICABLE IN THE STATE OF MARYLAND
EVERYTHING YOGURT BRANDS, LLC
DEPOSIT AGREEMENT
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
Yes, according to the 2025 Franchise Disclosure Document, Bananas Smoothies Frozen Yogurt includes a Deposit Agreement as one of its exhibits. Specifically, Exhibit One J is identified as the Deposit Agreement. This exhibit is applicable in all states except Maryland. The Deposit Agreement is between Everything Yogurt Brands, LLC and the franchisee.
Prospective franchisees should carefully review the Deposit Agreement to understand the terms and conditions related to the deposit, including the circumstances under which the deposit may be retained or refunded by Everything Yogurt Brands, LLC. It is important to note that the deposit and any rights associated with it are not assignable without the franchisor's prior written consent.
Furthermore, the FDD states that a facsimile or electronic signature on the Deposit Agreement is binding to the same extent as an original signature. This allows for flexibility in the execution of the agreement, as it can be signed electronically and does not necessarily require a physical signature. Franchisees should be aware of this provision and ensure they understand the implications of signing the agreement electronically.