For a Beef O Bradys franchise, what is the purpose of the glossary?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
Inventories
Inventories consist of food, beverages, and supplies, exclusive of paper and chemical supplies, and are stated at the lower of cost (first-in, first-out) or net realizable value.
Property and Equipment
Property and equipment are recorded at cost. Depreciation is calculated using the straight-line method over the following estimated useful lives of the assets:
| TERM | DEFINITION |
|---|---|
| Improvements | Ideas, concepts, methods, techniques or improvements relating to the Family |
| Section 9.2 | Sports Pub or the System that you or your employees may develop. |
| Indemnified | Us, our affiliates our respective shareholders, directors, officers, employees, |
| Parties | agents, successors and assigns that you agree to indemnify, defend and hold |
| Section 18.4 | harmless from and against all claims, obligations and damages. |
| Interim Management Section 16.6 | After we have given you written notice that you are in default, we may (but are not obligated to) assume interim management of the Family Sports Pub during the pendency of any cure period or in lieu of immediately terminating the Franchise Agreement. |
| Lease Assignment | Out form of Conditional Assignment and Assumption of Lease agreement that |
| Section 4.3(b) | you and the lessor must entered into. |
| Manager(s) | If you are a Business Entity, a person having management rights and powers |
| Section 7.1 | (e.g. officers, kitchen managers, general managers, partners, etc.). |
| Manuals Section 11.1 | Our manuals consisting of such materials (including, as applicable audiotapes, videotapes, magnetic media, computer software and written materials) that we generally grant access to franchisees for use in operating a Family Sports Pub. |
| Marketing | You currently must contribute to the Marketing Development Fund 2.3% of |
| Contributions | monthly Adjusted Gross Sales but may in the future be required to contribute |
| Section 12.1 | 2.5% of your monthly Adjusted Gross Sales. |
| Marketing | A system-wide marketing and development fund that we have established for |
| Development Fund | such advertising, marketing and public relations programs and materials we |
| Section 12.1 | deem necessary or appropriate. |
| Marks Section 1.1 | The trade and service marks “Beef 'O' Brady’s®,” “O’ Brady’s®,” “Beef’s®” and other associated logos, designs, artwork and trade dress and additional trademarks, service marks and commercial symbols that we use, promote and license in conjunction with the operation of Family Sports Pubs. |
| Notification Date | The date on which we notify you whether or not we are exercising our option to |
| Section 17.5(a) | purchase your Family Sports Pub upon termination of the Franchise Agreement. |
| Opening On-Site Assistance Section 7.2 | The supervision and assistance by a member of our staff that we, or our designee, will provide for 6 days prior to opening and for 6 days after opening of the Family Sports Pub. If it your second or subsequent Family Sports Pub, we provide 5 total days of Second and Subsequent Opening On-Site Assistance. |
| Opening Week | The week that your Family Sports Pub opens to the public. |
| Section 7.2 | |
| Operating Assets Section 5.5 | All fixtures, furnishing, equipment, signs, and electronic or computerized devices and services (including telecopiers, cash registers, computers, POS, e-mail, ISP, intranet and internet services, hardware and software) for use in connection with your Family Sports Pub. |
| Operating Partner | You, or if you are a Business Entity, your primary operating partner. |
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, the glossary defines terms used within the franchise agreement. This helps to clarify the legal and operational aspects of the Beef O Bradys franchise system for both the franchisor and the franchisee.
The glossary includes definitions for terms such as "Improvements," which refers to ideas or methods related to the Family Sports Pub or the System developed by the franchisee or their employees. It also defines "Indemnified Parties," specifying who the franchisee agrees to protect from claims and damages. Terms like "Interim Management," "Lease Assignment," "Manager(s)," "Manuals," "Marketing Contributions," "Marketing Development Fund," and "Marks" are also defined, providing clarity on various aspects of operating the franchise.
For a prospective Beef O Bradys franchisee, understanding these definitions is crucial. It ensures that they are fully aware of their rights, responsibilities, and obligations under the franchise agreement. For example, knowing the definition of "Marks" clarifies what trademarks and service marks the franchisee is authorized to use. Similarly, understanding "Marketing Contributions" and the "Marketing Development Fund" helps the franchisee understand their financial obligations and how those funds are used to promote the Beef O Bradys brand.
The glossary serves as a reference point, reducing potential misunderstandings and disputes between Beef O Bradys and its franchisees. By clearly defining key terms, it promotes transparency and facilitates a more informed and collaborative relationship. Franchisees can refer to these definitions to ensure they are in compliance with the franchise agreement and operating their Beef O Bradys location according to the franchisor's standards.