In the Benihana Franchise Agreement (Concession Model), what information is required to identify the Franchisee?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
- 1.2 BNC hereby grants to Franchisee and Franchisee accepts a non-exclusive license to operate a single quick-service retail food location, with a limited menu and requiring limited equipment, branded as a BENIHANA® outlet (the "Restaurant") at the location identified in the accompanying Contract Data Sheet attached as Exhibit A hereto (the "Location"), using the Marks and the BENIHANA System solely in accordance with the BENIHANA Standards and the particular terms of this Agreement.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, Exhibit A of the Franchise Agreement (Concession Model) includes a Contract Data Sheet that identifies the franchisee.
Specifically, the agreement states that Benihana grants the franchisee a non-exclusive license to operate a quick-service retail food location branded as a Benihana outlet at the location identified in the accompanying Contract Data Sheet attached as Exhibit A. This sheet specifies the location where the franchisee will operate, using the Benihana marks and system, in accordance with Benihana standards and the agreement's terms.
This Contract Data Sheet is crucial because it legally defines the scope and territory of the franchise. It ensures that both Benihana and the franchisee have a clear understanding of where the franchisee is authorized to operate and helps prevent potential disputes over territory or operational scope. Prospective franchisees should carefully review this exhibit to confirm that the described location aligns with their expectations and business plan.