What are the parties required to do to carry out the terms and conditions of the Beggars Pizza agreement?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
FURTHER ACTS AND DOCUMENTS: The parties agree to carry out and perform all such further acts and deeds and to make, execute and deliver all such further documents, instruments, agreements and assurances as may be required in order to carry out the terms and conditions of this Agreement in accordance with their expressed intent.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza FDD, both parties in the SpeedLine Solutions Inc. System Purchase Agreement are obligated to perform specific actions and deliver documents to fulfill the agreement's terms and conditions. This includes SpeedLine providing the equipment, software licenses, support services, and related services as described in the SpeedLine quote attached as Schedule "A". The customer, in turn, is required to purchase, receive, or acquire these items from SpeedLine according to the terms outlined in the agreement and the quote.
Specifically, the customer must purchase the equipment at the price and terms specified in the quote, and pay the amount for the software license as detailed in the quote, which will be under SpeedLine's standard Software License Agreement or SpeedDine Online Ordering System Subscription Agreement. The customer also agrees to pay for the support services as outlined in the quote, which will be governed by SpeedLine's standard Support Services Agreement. Payment terms include any deposit set forth in the quote and signed equipment leasing documentation, including leasing company approval and purchase order, which SpeedLine requires before processing the order and confirming implementation and training dates.
Furthermore, both parties agree to execute and deliver any additional documents, instruments, agreements, and assurances necessary to implement the terms and conditions of the SpeedLine agreement, aligning with their expressed intent. This ensures that all aspects of the agreement are fully realized and legally binding. This requirement for further acts and documents reinforces the commitment of both SpeedLine and the customer to fulfill their obligations and cooperate in achieving the objectives of the agreement.