What agreement is the Beyond Juicery Eatery franchisee required to execute if they purchase the premises?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
- C.
Franchisee agrees to execute any and all documents requested by Franchisor in order to fully exercise any of Franchisor's rights under this Assignment and hereby appoints Franchisor as its attorney-in-fact with the full right and power to execute all documents and to take all action that may be necessary or desirable for Franchisor to take such assignment or otherwise exercise any of Franchisor's rights under this Assignment.
The foregoing is given as security for the rights and privileges give to Franchisee under this Assignment and the Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to the 2025 FDD, if a Beyond Juicery Eatery franchisee defaults on their lease, the franchisee agrees to execute any and all documents requested by the franchisor in order to allow Beyond Juicery Eatery to fully exercise its rights under the Assignment. The franchisee also appoints Beyond Juicery Eatery as its attorney-in-fact with the power to execute all documents and take all action necessary for Beyond Juicery Eatery to take such assignment or exercise its rights under the Assignment. This agreement serves as security for the rights and privileges granted to the franchisee under the Assignment and the Franchise Agreement.
This means that in the event of a default, Beyond Juicery Eatery has the right to step in and take over the lease, ensuring the continuity of the business at that location. The franchisee is legally obligated to cooperate fully with Beyond Juicery Eatery in this process, including signing any necessary documents and allowing Beyond Juicery Eatery to act on their behalf.
This arrangement protects Beyond Juicery Eatery's interests by allowing them to maintain control over the location and continue operating the franchise. It also provides a mechanism for Beyond Juicery Eatery to transfer the lease to another franchisee if necessary, minimizing disruption to the business. The franchisee should understand that this agreement gives Beyond Juicery Eatery significant power in the event of a lease default.