factual

How is the term 'affiliate' defined in the addendum related to the Bananas Smoothies Frozen Yogurt franchise?

Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDD

Answer from 2025 FDD Document

As used in this Addendum, the term "affiliate" means any person or entity (i) that is owned or controlled by Everything Yogurt Brands, LLC, (ii) which owns and controls Everything Yogurt Brands, LLC, or (iii) which is under common control with Everything Yogurt Brands, LLC.

Source: Item 23 — RECEIPT (FDD pages 58–231)

What This Means (2025 FDD)

According to the 2025 Bananas Smoothies Frozen Yogurt FDD, the term 'affiliate' is specifically defined within the context of an addendum to a lease agreement. This definition clarifies the relationships between entities that are connected to Everything Yogurt Brands, LLC, the parent company of Bananas Smoothies Frozen Yogurt.

Specifically, an 'affiliate' includes any person or entity that falls into one of three categories: (1) those owned or controlled by Everything Yogurt Brands, LLC, (2) those that own and control Everything Yogurt Brands, LLC, or (3) those under common control with Everything Yogurt Brands, LLC. This definition is important because it establishes the scope of entities that may have a relationship with the franchisee through the franchisor.

This definition is crucial for franchisees as it helps them understand the network of related companies that could potentially impact their franchise operations, particularly in areas such as supply chains, marketing efforts, and overall business strategy. Understanding who the affiliates are can also be important in the context of contractual obligations and potential liabilities. Franchisees should be aware of these affiliated entities and how their actions might affect the Bananas Smoothies Frozen Yogurt franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.