In the Belocal agreement, where can I find the meanings of capitalized terms not defined within the agreement itself?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
as reasonably requested by Franchisor.
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- Capitalized Terms. Initially capitalized terms used in this Transfer Agreement have the meanings given to them in the Franchise Agreement, unless otherwise defined herein.
IN WITNESS WHEREOF, the parties hereto have executed this Transfer Agreement on the dates set forth below.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, if a term is capitalized but not specifically defined within a particular agreement such as the Transfer Agreement or the Assignment and Assumption Agreement, the definition can be found in the main Franchise Agreement. This ensures consistency in the interpretation of key terms across all related documents.
For a prospective Belocal franchisee, this means that when reviewing any agreement associated with the franchise, the Franchise Agreement serves as the primary reference point for understanding the meaning of capitalized terms. This is a common practice in franchising to maintain uniformity and avoid confusion.
For example, in the Transfer Agreement, section 16 states that "Initially capitalized terms used in this Transfer Agreement have the meanings given to them in the Franchise Agreement, unless otherwise defined herein." Similarly, section 10 of the Assignment and Assumption Agreement specifies that "Capitalized terms have the meanings given to them in the Franchise Agreement, unless otherwise defined in this Agreement."