Where is the definition of 'Development Area' found within the Bang Cookies Development Agreement?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
SECTION 1 DEFINITIONS
Supplementing the definitions contained in the Recitals, above, the following terms will have the meaning as defined below:
- "Development Area" shall have the meaning defined and set forth in Section 2.1 of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the definition of 'Development Area' is located in Section 2.1 of the Development Agreement. Specifically, Section 1 of the Development Agreement defines various terms used within the agreement. Among these definitions, it states that the term 'Development Area' has the meaning set forth in Section 2.1 of the agreement.
Section 2.1 further clarifies that the 'Development Area' constitutes the geographic area detailed and identified in the Development Information Sheet. This sheet, which outlines the specifics of the development rights granted, is attached to the Development Agreement as Schedule A and is formally incorporated into the agreement.
For a prospective Bang Cookies franchisee, this means that the exact boundaries of their exclusive development territory are not found directly within the main body of the Development Agreement but are instead specified in a separate document (the Development Information Sheet) attached as Schedule A. It is crucial for the franchisee to carefully review Schedule A to fully understand the geographic scope of their development rights and obligations.