What does 'Affiliates' mean in relation to the Bang Cookies franchisor?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
"Affiliates" means individually or collectively, any and all entities controlling, controlled by, or under common ownership with Franchisor.
"Bang Cookies Shop(s)" shall have the meaning defined in the Recitals section of this Agreement and, without limitation to the Recitals section definition of "Bang Cookies Shops", shall further include, refer to and mean: every business and all businesses owned and/or operated by Franchisor, Franchisor's affiliates and/or authorized franchisee(s) that utilize and/or is/are required to utilize the System and/or Licensed Marks including, but not limited to, the Franchised Business.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, 'Affiliates' refers to any entities that either control, are controlled by, or are under common ownership with the franchisor. This definition is important for prospective franchisees to understand because it clarifies the scope of Bang Cookies's influence and potential liabilities.
Specifically, the definition of 'Bang Cookies Shop(s)' includes businesses owned or operated by Bang Cookies, its affiliates, or authorized franchisees that utilize the Bang Cookies system and licensed marks. This means that the term 'Bang Cookies Shop' isn't limited to just franchised locations but also encompasses those run by the franchisor and its related entities.
Understanding the relationship between Bang Cookies and its affiliates can help a franchisee assess the potential for competition, shared resources, and the overall stability and direction of the Bang Cookies brand. It is important to understand who the affiliates are and what role they play in the franchise system.