What is the definition of 'Quote' in the Beggars Pizza agreement?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
- f. "Quote" means each SpeedLine quote entered into by the parties from time to time.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, the term "Quote" is specifically defined within the context of the SpeedLine Solutions Inc. System Purchase Agreement. The FDD states that "Quote" refers to each SpeedLine quote entered into by the involved parties periodically.
This definition is important because the SpeedLine quote outlines the specific equipment, software licenses, support services, and related services that Beggars Pizza franchisees will acquire from SpeedLine. The quote also details the purchase price and payment terms associated with these acquisitions. Therefore, understanding what constitutes a "Quote" is essential for franchisees to comprehend their financial obligations and the scope of services they are entitled to receive.
Furthermore, the FDD emphasizes that these SpeedLine Quotes are integral to the overall agreement. They are formally incorporated by reference, meaning the details within the quotes become legally binding aspects of the agreement. This incorporation reinforces the importance of carefully reviewing and understanding each SpeedLine Quote before entering into the agreement, as it directly impacts the franchisee's rights and responsibilities.