What parties are involved in the Area Development Agreement for Beauty Bungalows?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
st Refusal 7.1 Rights Personal to You. 7.2 Our Right of First Refusal. 7.3 Our Rights to Assign Unrestricted. | | | 8. | Incorporation of Other Terms | | | 9 | Miscellaneous | |
APPENDICES
$\begin{array}{l} Appendix \ A-Franchisee-Specific \ Terms \ Appendix \ B-Payment \ and \ Performance \ Guarantee \end{array}$
BEAUTY BUNGALOWS FRANCHISING, LLC
AREA DEVELOPMENT AGREEMENT
THIS AGREEMENT (this "Agreement") is made and entered into as of the date set forth on Appendix A to this Agreement (the "Effective Date") (Appendix A and all appendices and/or schedules attached to this Agreement are hereby incorporated by this reference) between Beauty Bungalows Franchising, LLC, a Wyoming limited liability company doing business as Beauty Bungalows ("Franchisor," "we," "us," or "our") and the person or entity identified in Appendix A as the franchisee ("Franchisee" or "you") with its principal place of business as set forth in Appendix A.
RECITALS
- A. We and you have entered into a certain Franchise Agreement dated the same date as this Agreement (the "Initial Franchise Agreement"), in which we have granted you the right to establish and operate one Beauty Bungalows franchised business within the Protected Territory set forth in the Initial Franchise Agreement (a "Franchised Business").
- B. We desire to grant to you the exclusive right to establish and operate a specified number of Businesses within a specified geographical area in accordance with a development schedule.
- C. If you are a corporation, limited liability company, partnership, or other entity (collectively, an "Entity"), all owners of a legal and/or beneficial interest in the Entity (the "Owners") are listed in Appendix A to this Agreement.
- D. You desire to establish and operate additional Franchised Businesses upon the terms and conditions contained in our then-current standard franchise agreements (a "Franchise Agreement").
NOW, THEREFORE, for and in consideration of the foregoing premises and the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1.
Source: Item 23 — RECEIPTS (FDD pages 48–177)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the Area Development Agreement is made between Beauty Bungalows Franchising, LLC, referred to as the Franchisor, and the person or entity identified in Appendix A as the franchisee. If the franchisee is a corporation, limited liability company, partnership, or other entity, all owners of a legal and/or beneficial interest in the entity are listed in Appendix A.
The agreement grants the franchisee the exclusive right to establish and operate a specified number of Beauty Bungalows businesses within a specified geographical area, according to a development schedule. This agreement is contingent upon both parties fulfilling the conditions and agreements outlined within the document.
Additionally, Appendix B to the Area Development Agreement includes a Personal Guaranty of Owner/Shareholder, which is an agreement involving Beauty Bungalows Franchising, LLC (the Franchisor), the franchisee(s) named in the Area Development Agreement (the Franchisee), and the undersigned, who personally and unconditionally guarantees the franchisee's obligations to the franchisor.