What is the name of the agreement this addendum modifies for Bens Soft Pretzels?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
to be legally bound hereby has duly executed, sealed and delivered this Agreement the day and year first above written.
BEN'S PRETZELS FRANCHISING SOFT CORPORATION
Captive Venue Addendum
| This Captive Venue Addendum ("Addendum") dated this day of, , is entered into by and between Ben's Soft Pretzels Franchising Corporation, an Indiana | |
|---|---|
| corporation ("Franchisor") and ("Franchisee"). | |
| WITNESSETH | |
| A. | The parties have entered a Franchise Agreement, dated, 20, relating to the |
| development and operation of a BEN'S SOFT PRETZELS store at the following captive market | |
| location: | |
| (the | |
| "Authorized | |
| Location") | |
| B. | The parties desire to amend the Agreement in accordance with the terms and conditions |
| contained in this Addendum in order to reflect changes to the Agreement to take into | |
| account the captive venue nature of the Authorized Location. | |
| AGREEMENT | |
| Franchisor and Franchisee agree that the Agreement is hereby modified, as follows: | |
| 1. | Rights Granted. Franchisor hereby agrees to grant to Franchisee the right to operate one |
| Store at the Authorized Location. Franchisee acknowledges and agrees that Franchisee | |
| will have no exclusive or protected territory or area of any kind and Franchisee's Store is | |
| be prohibited from selling outside of the Authorized Location. | |
| 2. Commencement Date. The commencement date of operations of the Mobile Store shall | |
| be the date that Franchisor authorizes in writing ("Commencement Date") that the Mobile | |
| Store is ready for operation and Franchisee has satisfied all other requirements that | |
| Franchisor has established in writing. | |
| 3. Additional Changes. |
Source: Item 22 — CONTRACTS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, there are two types of addendums that modify agreements. The first addendum, called the "Captive Venue Addendum," modifies a Franchise Agreement. This addendum is designed to reflect changes to the Franchise Agreement, taking into account the captive venue nature of the Authorized Location. The second addendum, called the "Addendum to Lease", modifies a Lease Agreement, and acknowledges that the tenant intends to operate a Bens Soft Pretzels store from the premises pursuant to their Franchise Agreement with Bens Soft Pretzels.
For a prospective franchisee, this means that if they are planning to operate a Bens Soft Pretzels store in a captive venue, such as an airport or stadium, the Captive Venue Addendum will modify the standard Franchise Agreement to account for the specific conditions of that location. This could include adjustments to territory rights or operating procedures. Similarly, the Addendum to Lease ensures that the landlord is aware of the franchisee's intention to operate a Bens Soft Pretzels store and acknowledges the Franchise Agreement between the franchisee and Bens Soft Pretzels.
It is important for franchisees to carefully review any addendums to understand how they modify the original agreements. Franchisees should pay close attention to changes in rights, obligations, and operating procedures. Understanding these modifications is crucial for ensuring compliance and maximizing the potential for success in their Bens Soft Pretzels franchise.