factual

For Better Blend, what is considered a 'Competitor' in the context of the Guarantor's restrictions?

Better_Blend Franchise · 2024 FDD

Answer from 2024 FDD Document

  • "Competitor" means any food service business which offers smoothies or blended drinks.

Source: Item 22 — CONTRACTS (FDD page 43)

What This Means (2024 FDD)

According to Better Blend's 2024 Franchise Disclosure Document, a 'Competitor' is defined as any food service business which offers smoothies or blended drinks. This definition is relevant to the restrictions placed on the Guarantor, as outlined in Item 22 concerning contracts.

The Guarantor, during the term of the Franchise Agreement, is prohibited from having any direct or indirect involvement with a Competitor. This includes ownership, lending money, providing financial assistance, offering services, or being employed by a Competitor.

After the Franchise Agreement expires or is terminated, the Guarantor is further restricted for two years from similar involvement with any Competitor located within five miles of the Better Blend franchise's territory or any other Better Blend business operating at the time of expiration or termination. If the territory hasn't been determined, the non-competition area will be the Site Selection Area and within five miles of any other operating Better Blend business. For Better Blend businesses without a defined territory, a 3-mile radius is used to determine the territory for non-compete purposes.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.