What information does Attachment 1 contain regarding the Better Blend franchisee?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Attachment 4 to Franchise Agreement
CONDITIONAL ASSIGNMENT OF BRAND ACCOUNTS
This Assignment of Brand Accounts (this "Assignment") is executed by the undersigned ("Franchisee") in favor of Better Blend Franchising, LLC, an Ohio limited liability company ("BBF").
Background Statement: BBF and Franchisee are parties to a Franchise Agreement pursuant to which BBF granted Franchisee a license to operate a Better Blend franchised business (the "Business"). BBF or its affiliates are the sole owner of the Better Blend brand and all names, logos, trademarks, service marks, and other intellectual property associated therewith. To protect BBF's interest in and control of Better Blend, Franchisee acknowledges the following and agrees that BBF has the right to control all telephone numbers, directory listings, and internet marketing accounts related to Better Blend.
Franchisee agrees as follows:
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
Based on the 2024 Better Blend Franchise Disclosure Document, Attachment 1 to the Franchise Agreement is not described within the provided excerpts. The excerpts do reference several attachments to the franchise agreement, including Attachment 4, titled "Conditional Assignment of Brand Accounts." This assignment pertains to the franchisee's acknowledgement and agreement that Better Blend Franchising, LLC (BBF) has the right to control all telephone numbers, directory listings, and internet marketing accounts related to the Better Blend brand. This is to protect BBF's interest in and control of the Better Blend brand.
Other attachments mentioned include a Guaranty agreement, where the guarantor agrees to certain confidentiality and non-compete obligations. There are also state-specific addenda for Illinois and Indiana, which amend the Franchise Agreement to comply with local laws. These addenda address issues such as governing law, waivers, jurisdiction, and franchisee rights upon termination or non-renewal.
Since Attachment 1 is not detailed in the provided excerpts, prospective Better Blend franchisees should request a copy of Attachment 1 from the franchisor and carefully review its contents. Understanding the details of all attachments is crucial for making an informed decision about investing in a Better Blend franchise.