What is Exhibit 4 in the Bang Cookies franchise agreement?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchise Agreement – Exhibit 4
Lease Agreement Rider
Bang Cookies
LEASE AGREEMENT RIDER
(for the benefit of Bang Cookies Franchise LLC and its assigns)
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, Exhibit 4 of the Franchise Agreement is the Lease Agreement Rider. This rider is a form document that will be attached to the lease agreement for the Bang Cookies shop location.
The Lease Agreement Rider is for the benefit of Bang Cookies Franchise LLC and its assigns, meaning it provides certain protections and rights to Bang Cookies as the franchisor. This ensures that the lease terms are favorable and align with the brand's operational standards and protects Bang Cookies' interests in the event of franchisee default or transfer.
Prospective franchisees should carefully review the Lease Agreement Rider and understand its implications, as it can affect their rights and obligations under the lease. It is advisable to consult with a legal professional to fully comprehend the terms and conditions outlined in the rider and how it interacts with the overall franchise agreement and lease agreement.