What is the 'Prior Agreement' mentioned in the Beggars Pizza Franchise Agreement Renewal Addendum?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| This BEGGARS PIZZA FRANCHISE, LLC FRANCHISE AGREEMENT RENEWAL | ||
|---|---|---|
| ADDENDUM (the "Addendum") is made and entered into on, 20, by and between Beggars Pizza Franchise, LLC, formerly known as Beggars Pizza Franchise Corporation, an Illinois corporation located at 12949 South California Avenue, Blue Island, | ||
| Illinois 60406 ("Franchisor"); and | , a | |
| located at | WITNESSETH: | ("Franchisee"). WHEREAS, Franchisee currently operates a Beggars Pizza® restaurant located at: |
| Franchisee dated | , 20 | (the "Restaurant") pursuant to a prior franchise agreement entered into between Franchisor and (the "Prior Agreement"); |
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, the 'Prior Agreement' refers to the original franchise agreement between Beggars Pizza and the franchisee. The Renewal Addendum is specifically for franchisees who are renewing their existing franchise agreements.
The document states that the franchisee currently operates a Beggars Pizza restaurant at a specific location under the terms of this prior agreement. The purpose of the new Franchise Agreement is to renew the franchisee's rights that were initially granted under the 'Prior Agreement'.
Essentially, the 'Prior Agreement' is the legal foundation upon which the franchisee's current Beggars Pizza operation is built, and the renewal agreement allows them to continue operating under updated terms and conditions.