What exhibit contains the Bang Cookies Franchise Agreement?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
You may enter into a Franchise Agreement in the form attached to this Disclosure Document as Exhibit E (the "Franchise Agreement") to develop and operate a Shop from a single Shop Location. Under the Franchise Agreement you will develop and operate your Shop in conformity with the requirements of our System. The System includes Approved Services and Products that we currently designate and that we may modify, add to or discontinue from time to time, and our specifications, methods and procedures for marketing, selling, offering, and providing the Approved Services and Products. The System also features and requires, as designated by us, your exclusive purchase, use, and maintenance of certain merchandise, inventory, products, supplies, and goods constituting or comprising the Approved Services and Products offered for sale and/or the services provided and further includes displays, equipment, furniture, and fixtures designated by us (collectively, the "System Supplies"). You must operate your Shop in conformity with the specifications, procedures, criteria and requirements that we designate in our confidential operations manual and other proprietary manuals that we may designate and loan to you and, as we may from time to time supplement and modify other manuals and communications (collectively, the "Manuals").
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the Franchise Agreement is included as Exhibit E. This agreement outlines the terms and conditions under which a franchisee will operate a Bang Cookies shop. It details the obligations of both the franchisor and the franchisee, ensuring that the franchisee operates the shop in accordance with the Bang Cookies system.
Prospective franchisees should carefully review Exhibit E to understand their rights and responsibilities. This includes understanding the requirements for site selection, operational standards, and the use of approved suppliers. The Franchise Agreement also covers aspects such as the term of the agreement, renewal options, and conditions for termination.
For those considering a multi-unit development, it's important to note that while a Multi-Unit Development Agreement is included as Exhibit F, individual shop Franchise Agreements (Exhibit E) are still required for each location. These individual agreements, while based on the standard Franchise Agreement, may be subject to the terms negotiated within the Multi-Unit Development Agreement. Therefore, reviewing both exhibits is crucial for multi-unit developers.