How does Beyond Juicery Eatery allow for the execution of the franchise agreement?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
of this Agreement and all Exhibits hereto.
WHEREAS, you have independently inspected the operations of other franchised businesses of other business concepts and independently inspected the operations of Restaurants operating the System and have satisfied yourself by the performance of your own due diligence that entering into this Agreement is your business decision.
WHEREAS, you have not relied upon any oral statements or other representations other than as are contained in our Franchise Disclosure Document.
NOW THEREFORE, in consideration of the foregoing recitals, which are hereby incorporated into this Agreement by this reference, the mutual covenants and promises contained herein, and for other good and valuable consideration, the receipt, sufficiency, and adequacy of which are hereby acknowledged, the parties agree as follows:
1. GRANT OF FRANCHISE; TERM
1.01 You have applied for a franchise to own and operate a Beyond Juicery + Eatery Restaurant. Subject to all of the terms and conditions of this Agreement and upon complete execution of this Agreement by all parties, we hereby grant to you a franchise (the "Franchise") to operate a single Beyond Juicery + Eatery Restaurant at a single Location utilizing the System and the Trademarks within a geographic area (the "Designated Area") as we determine. During the Initial Term and for so long as no uncured Event of Default has occurred, we will not establish, nor authorize any other person to establish a Beyond Juicery + Eatery Restaurant within your Designated Area.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to the 2025 FDD, Beyond Juicery Eatery outlines several key conditions and acknowledgements related to the execution of the franchise agreement. The agreement emphasizes that the franchisee has not relied on any oral statements or representations outside of what is contained in the Franchise Disclosure Document. This is a standard clause to protect the franchisor from claims based on verbal promises.
Prior to the execution of the agreement, the developer and each principal must acknowledge that they have received a complete copy of the agreement, all related documents, and exhibits at least seven days before signing. They must also acknowledge receipt of the Franchise Disclosure Document at least fourteen days before execution. This waiting period is legally required in the United States to give franchisees adequate time to review the documents and seek professional advice.
The agreement also stipulates that the franchisee and their principal owners must execute a form of guaranty. Furthermore, the franchisee acknowledges that they have conducted an independent investigation of the business venture and recognize the normal business risks associated with starting a new business, with ample opportunity to consult with advisors about the potential benefits and risks of the agreement. These acknowledgements are designed to ensure that the franchisee enters the agreement with a clear understanding of their obligations and the risks involved.