In the Belocal agreement, where can the definitions of initially capitalized terms not defined in the agreement itself be found?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
E
| This Agreement is made and entered into this day of, 20, | ||
|---|---|---|
| between N2 Franchising, Inc. ("Franchisor") | and ("Covenantor"). | |
| Franchisor has granted to ("Franchisee") the right to operate business pursuant | ||
| the terms of a franchise agreement between Franchisor and Franchisee dated | ||
| ("Franchise Agreement"). Initially capitalized terms used, but not defined in this Agreement, have the | ||
| meanings contained in the Franchise Agreement. |
RECITALS
- A.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the definitions of initially capitalized terms used but not explicitly defined within a specific agreement are located in the Franchise Agreement. This applies to multiple agreements associated with the franchise.
Specifically, in the context of the agreement between N2 Franchising, Inc. and the Covenantor, any initially capitalized terms not defined within that agreement itself will have the meanings as defined in the overarching Franchise Agreement. This ensures consistency and clarity across all related documents.
Similarly, for the Transfer Agreement, initially capitalized terms have the meanings defined in the Franchise Agreement, unless the Transfer Agreement provides its own specific definition. This hierarchical approach to definitions helps to avoid ambiguity and ensures that all parties understand the terms in the same way. Franchisees should consult the Franchise Agreement to understand the precise meaning of capitalized terms used in other Belocal agreements.