According to the agreement, what does the acquisition of the system for Beggars Pizza involve?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS SPEEDLINE SOLUTIONS INC. SYSTEM PURCHASE AGREEMENT ("Agreement") is made between SpeedLine Solutions Inc. ("SpeedLine") and the person, firm, corporation or other entity described below ("Customer" or "you").
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- ACQUISITION OF SYSTEM: SpeedLine will provide to the Customer and the Customer will purchase, receive or acquire from SpeedLine the equipment, the license for the on-premises implemented software and software made available via online services (collectively, the "software"), the support services and any related services described in the SpeedLine quote attached as Schedule "A" or entered into by the parties from time to time (each, a "Quote"), on the terms and conditions set forth herein and in the Quote.
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- PURCHASE OF EQUIPMENT: SpeedLine agrees to sell and the Customer agrees to purchase the equipment described in the Quote for the purchase price and on the terms and conditions set forth herein and in the Quote.
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- RECEIPT OF SOFTWARE LICENSE: SpeedLine agrees to provide the license for the software described in the Quote and the Customer agrees to pay the amount set forth in the Quote for such license on the terms and conditions set forth herein and in the Quote. The form of the license shall be in SpeedLine's current standard form of Software License Agreement, except for (where applicable) the SpeedDine online ordering service which shall be in SpeedLine's then current standard form of SpeedDine Online Ordering System Subscription Agreement.
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- SUPPORT SERVICES: SpeedLine agrees to provide the support services of the type and as otherwise set forth in the Quote and the Customer agrees to pay the amount set forth in the Quote for such support services on the terms and conditions set forth herein and in the Quote. The form of the agreement for the support services shall be in SpeedLine's current standard form of Support Services Agreement.
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- TERMS AND CONDITIONS OF PAYMENT: The terms and conditions of payment of all amounts owing by the Customer to SpeedLine hereunder are:
- (a) Any deposit as set forth in the Quote (where applicable), and (where applicable) signed equipment leasing documentation including the leasing company's approval of financing to the Customer and the leasing company's purchase order to SpeedLine for the equipment is required by SpeedLine prior to acceptance and processing of the Customer's order and prior to SpeedLine confirming the implementation and training dates.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 FDD, the SpeedLine Solutions Inc. System Purchase Agreement outlines the acquisition of the system for Beggars Pizza. SpeedLine will provide the customer with equipment, software licenses for on-premises implemented software and software available via online services, support services, and any related services described in the SpeedLine quote attached as Schedule "A". The customer, in turn, will purchase or acquire these items from SpeedLine based on the terms and conditions set forth in the agreement and the quote.
The agreement details the purchase of equipment, where SpeedLine agrees to sell, and the customer agrees to purchase the equipment described in the Quote for the purchase price and under the terms and conditions outlined in the agreement and the quote. It also covers the receipt of a software license, where SpeedLine provides the license for the software described in the quote, and the customer agrees to pay the amount specified in the quote for the license, following the terms and conditions in the agreement and the quote. The license will be in SpeedLine's standard form of Software License Agreement, except for the SpeedDine online ordering service, which will use SpeedLine's current standard form of SpeedDine Online Ordering System Subscription Agreement.
Furthermore, the agreement includes support services, with SpeedLine agreeing to provide the type of support services detailed in the quote. The customer is responsible for paying the amount specified in the quote for these support services, adhering to the terms and conditions in the agreement. The support services agreement will be in SpeedLine's current standard form of Support Services Agreement. Prior to the acceptance and processing of the customer's order, SpeedLine requires any deposit outlined in the quote, and where applicable, signed equipment leasing documentation, including the leasing company's approval of financing to the customer and the leasing company's purchase order to SpeedLine for the equipment. This is also required before SpeedLine confirms the implementation and training dates.