Who does the Beem Light Sauna agreement bind and benefit?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT (this "Agreement") is made and entered into as of the date set forth on Appendix A of this Agreement (the "Effective Date") (Appendix A and all appendices and schedules attached to this Agreement are hereby incorporated by this reference) between Beem Franchisor LLC, a Delaware limited liability company with its principal place of business at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 ("Franchisor"), and the person or entity identified in Appendix A as the franchisee ("Franchisee") with its principal place of business as set forth in Appendix A. In this Agreement, "we," "us," and "our" refers to Franchisor. "You" and "your" refers to Franchisee.
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna Franchise Disclosure Document, the Franchise Agreement is made between Beem Franchisor LLC, referred to as "Franchisor," and the franchisee, identified as "Franchisee" in Appendix A. The agreement outlines the rights and responsibilities of both parties concerning the operation of a Beem Light Sauna studio.
The Franchise Agreement binds both Beem Franchisor LLC and the franchisee to the terms and conditions outlined within the document, including any appendices and schedules. This encompasses various aspects of the business relationship, such as the use of the Beem Light Sauna system, brand trademarks, operational procedures, and standards. The agreement ensures that the franchisee operates the studio according to the franchisor's established system and protects the franchisor's brand and intellectual property.
Furthermore, the Payment and Performance Guarantee attached as Appendix C involves Guarantors who agree to ensure the franchisee's obligations to Beem Light Sauna are met. This guarantee benefits the franchisor by providing an additional layer of security for the franchisee's financial and operational commitments. The Lease Rider also involves a Landlord, Company (Beem Franchisor LLC), and Franchisee, where the Landlord agrees to certain conditions related to the franchisee's use of the premises for operating the Beem Light Sauna studio. This benefits Beem Light Sauna by ensuring the studio's operation aligns with the franchise agreement and protects their interests related to the premises.
In summary, the Beem Light Sauna agreement primarily binds and benefits Beem Franchisor LLC and the franchisee. It also extends to guarantors and landlords through associated documents like the Payment and Performance Guarantee and Lease Rider, each playing a role in ensuring the successful operation and protection of the Beem Light Sauna franchise.