In the Beverly Anns Cookie Asset Purchase Agreement, what does 'MCC' stand for?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
| , 20, by and between | , a | ("Franchisee Entity") and | its owners |
|---|---|---|---|
| ("Owners" and together with | Franchisee Entity, the | "Franchisee") and Mobile Cookie | Company, |
| LLC, a Delaware limited liability company | ("MCC"). MCC | and Franchisee may each be referred | to herein |
| as | |||
| a | |||
| "Party." | |||
| Franchisee and MCC are parties | to that certain Asset | Purchase Agreement dated | , 20 |
| ("Purchase Agreement"), pursuant to | which Franchisee has | agreed to sell the Assets to MCC | and MCC has |
| agreed to purchase the Assets from | Franchisee. Capitalized | terms used but not defined | herein have the |
| meanings | Agreement. |
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, MCC stands for Mobile Cookie Company, LLC, a Delaware limited liability company. This definition is relevant in the context of the Asset Purchase Agreement, where the Franchisee may agree to sell assets to MCC, and MCC agrees to purchase those assets from the Franchisee.
This is important for a prospective franchisee because it clarifies the parties involved in the Asset Purchase Agreement. Understanding that MCC refers to the franchisor, Mobile Cookie Company, LLC, ensures clarity in legal documents and business transactions. Franchisees need to be aware of the franchisor's full legal name and structure, especially when dealing with contracts and agreements.
Knowing the full legal name and structure of Beverly Anns Cookie is essential for franchisees to understand their obligations and rights under various agreements. This level of detail helps prevent misunderstandings and ensures that all parties are clear on their roles and responsibilities within the franchise system.