What is included in the Collateral that secures the franchisee's obligations to Beyond Juicery Eatery?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
- 24.09 You grant us a continuing security interest in the Collateral listed in this section to secure the payment of all fees and other amounts due to us and to secure your full performance under this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to the 2025 Beyond Juicery Eatery Franchise Disclosure Document, the franchisee grants Beyond Juicery Eatery a continuing security interest in the collateral listed in Section 24.09 of the franchise agreement. This security interest serves to ensure the payment of all fees and other amounts owed to Beyond Juicery Eatery. It also secures the franchisee's full performance of their obligations under the franchise agreement.
This means that Beyond Juicery Eatery has a legal claim on specific assets of the franchisee's business to cover any financial or contractual defaults. The specific items included in the collateral are not detailed in the provided excerpt, but it is common in franchising for this to include equipment, inventory, accounts receivable, and other business assets.
A prospective franchisee should carefully review Section 24.09 of the Franchise Agreement and Exhibit E to fully understand which assets are included in the collateral. Understanding the scope of the collateral is crucial for assessing the financial risk associated with the franchise and the potential impact on the franchisee's business if they fail to meet their obligations.