Besides the Franchise Agreement and its attachments, what other agreements are attached to the Belocal FDD?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document are the following contracts and their attachments:
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- Franchise Agreement, and all attachments, and all applicable State-specific Amendments
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- N2 Franchisee Services Agreement
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- Form of General Release
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- Sample Transfer Agreement and Consent
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- Sample Assignment and Assumption Agreement
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, several contracts are attached to the disclosure document in addition to the Franchise Agreement and its attachments. These include the N2 Franchisee Services Agreement, which likely outlines the services Belocal provides to its franchisees and the associated terms.
Additionally, a Form of General Release is included, which is a standard legal document used to release Belocal from certain liabilities. There is also a Sample Transfer Agreement and Consent, which provides a template for franchisees who wish to transfer their franchise to a new owner, subject to Belocal's approval.
Finally, a Sample Assignment and Assumption Agreement is included, which is a contract used to transfer the rights and obligations of a contract from one party to another. Prospective franchisees should carefully review each of these agreements to understand their rights and obligations under the Belocal franchise system.