What is Exhibit 6 to the Bang Cookies Franchise Agreement?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
e. Throughout the term of the
Franchise Agreement, Assignor shall elect and exercise all options to extend the terms of the or renewal of the Lease not less than 120 days prior to the last day that the option must be exercised unless Assignee otherwise agrees in writing. Should Assignor fail to comply with the foregoing, Assignor does hereby appoint Assignee (subject to Assignees acceptance and invocation of such right) to act on behalf of Assignor for the purpose of effectuating extensions and renewals of the Lease.
| Name | Principal Business Address | Telephone Number | ||
|---|---|---|---|---|
| George Kuan | 550 Industrial Road, Unit D, Carlstadt, New Jersey 07072 | 888-834-8885 |
Franchise Agreement – Exhibit 6
Assignment of Telephone Numbers and Digital Media Accounts
ASSIGNMENT OF TELEPHONE NUMBERS AND DIGITAL MEDIA ACCOUNTS
(for the benefit of Bang Cookies Franchise LLC and its assigns)
THIS ASSIGNMENT OF TELEPHONE NUMBERS AND DIGITAL MEDIA ACCOUNTS ASSIGNMENT ("Assignment") is entered into between ___________________ (the "Assignor") and Bang Cookies Franchise LLC and its successors and assigns (the "Assignee").
WHEREAS, Assignee is the franchisor of the Bang Cookies Shop franchise system (the "Bang Cookies Shop Franchise System");
WHEREAS, Assignor, as franchisee, and Assignee, as franchisor, are parties to a Bang Cookies Shop Franchise Agreement (the "Franchise Agreement")
WHEREAS, the term "Digital Media" shall refer to and mean "any interactive or static electronic document, application or media that is connected to and/or in a network of computers, servers and/or other devices linked by communications software, part of the world wide web (including, but not limited to websites), linked by the internet or part of a web based application, software application, smart phone based application or social media platform including, but not limited to social media platforms and applications such as Facebook, LinkedIn, Twitter, Pinterest, Instagram, SnapChat, YouTube, and Google+, and world wide web and internet based directories and local directories that refers, references, identifies, reviews, promotes and/or relates, in any way, to a Bang Cookies Shop, Bang Cookies Shops, Assignor's Bang Cookies Shop and/or trademarks associated with the Bang Cookies Shop Franchise System and/or Assignee.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, Exhibit 6 to the Franchise Agreement concerns the assignment of telephone numbers and digital media accounts. This exhibit is an agreement between the franchisee (Assignor) and Bang Cookies Franchise LLC (Assignee). It covers the transfer of rights and responsibilities related to phone numbers and digital media used for the Bang Cookies shop. Digital media includes any interactive or static electronic document, application, or media connected to networks, websites, the internet, social media platforms like Facebook, Instagram, and YouTube, and online directories that relate to a Bang Cookies shop or the brand's trademarks. It also encompasses the Bang Cookies shop website and all related web pages, blog posts, videos, and other digital content.
This assignment is important because Bang Cookies wants to ensure consistent branding and control over the digital presence of each franchise. By assigning these digital assets, Bang Cookies can maintain quality control and manage the brand's online reputation. The agreement acknowledges that the franchisee will use these accounts and digital media in connection with their Bang Cookies shop, subject to the requirements outlined in the Franchise Agreement.
For a prospective Bang Cookies franchisee, this means that upon signing the Franchise Agreement, they will also need to sign Exhibit 6, formally assigning control of their shop's phone numbers and digital media accounts to Bang Cookies. This allows Bang Cookies to manage and standardize the online presence of all its franchise locations. The franchisee should carefully review the terms of this assignment to understand their obligations and restrictions regarding the use of these digital assets. This assignment ensures that Bang Cookies can maintain a consistent brand image and marketing strategy across all franchise locations, which is a common practice in franchising to protect brand integrity and customer experience.