What is Exhibit 7 to the Bang Cookies Franchise Agreement?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
-(4) The transferee shall be bound by all terms and conditions of this Agreement, and each owner of the transferee and their respective spouses shall personally execute the Franchise Owner and Spouse Agreement and Guaranty in the form attached to this Agreement as Exhibit 1.
Each owner of the transferee shall also be required to execute such further agreements designated by Franchisor whereby the proposed transferee assumes each and every obligation and responsibility of Franchisee as set forth in this Agreement;
- (6) Franchisee, each Owner, and each Spouse must execute the General Release attached to this Agreement as Exhibit 8 releasing Franchisor, Franchisor's affiliates and Franchisor's past and present officers, directors, shareholders, members, partners, agents, representatives, independent contractors, servants and employees, of any and all claims against Franchisor for matters arising on, or before, the effective date of the Transfer;
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, Exhibit 7 to the Bang Cookies Franchise Agreement is not explicitly identified within the provided excerpts. However, the excerpts do mention several other exhibits to the Franchise Agreement. These include Exhibit 1, which is the Franchise Owner and Spouse Agreement and Guaranty; Exhibit 2, which is the Confidentiality Agreement; Exhibit 4, the Lease Agreement Rider; Exhibit F, the Multi-Unit Development Agreement; Exhibit G, the List of Franchisees; Exhibit H, the List of Franchisees That Have Left The System; Exhibit I, the State Specific Addenda; and Exhibit 8, the General Release.
Since Exhibit 7 is not mentioned, it is not possible to determine its contents from the provided documentation. A prospective Bang Cookies franchisee should carefully review the full Franchise Disclosure Document to locate Exhibit 7 and understand its purpose and implications.
To fully understand the details of Exhibit 7, a potential franchisee should ask Bang Cookies for a complete copy of the Franchise Agreement and all its exhibits during their due diligence process. This will ensure they are fully informed about all aspects of the franchise agreement before making a final decision.