What must a franchisee do to assist Beyond Juicery Eatery in exercising its rights under the assignment?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
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 Beyond Juicery Eatery Franchise Disclosure Document, a franchisee must execute any and all documents requested by Beyond Juicery Eatery to fully exercise its rights under the assignment. Furthermore, the franchisee appoints Beyond Juicery Eatery as its attorney-in-fact, granting them the power to execute all documents and take any action deemed necessary or desirable for Beyond Juicery Eatery to take such assignment or exercise its rights. This agreement serves as security for the rights and privileges granted to the franchisee under the assignment and the Franchise Agreement.
This means that if Beyond Juicery Eatery decides to exercise its rights under the assignment, the franchisee is legally obligated to cooperate fully. This cooperation includes signing any documents Beyond Juicery Eatery requires and allowing Beyond Juicery Eatery to act on the franchisee's behalf in matters related to the assignment. The attorney-in-fact provision is a significant grant of authority, allowing Beyond Juicery Eatery to make decisions and take actions as if they were the franchisee.
For a prospective franchisee, this clause underscores the importance of understanding the terms of the assignment and the extent of Beyond Juicery Eatery's rights. It is crucial to carefully review the circumstances under which Beyond Juicery Eatery might exercise these rights and to consider the potential implications for the franchisee's business. Franchisees should seek legal counsel to fully understand the scope of this provision and its potential impact on their rights and obligations.