Does Beyond Juicery Eatery have a lien against the franchisee's assets if payments are not made?
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, the franchisor can take security for the rights and privileges given to the franchisee under the assignment and the Franchise Agreement. This means that Beyond Juicery Eatery can take certain measures to protect their interests.
Specifically, the franchisee agrees to execute any documents requested by Beyond Juicery Eatery to exercise its rights under the assignment. The franchisee also appoints Beyond Juicery Eatery as its attorney-in-fact to execute documents and take actions necessary for the assignment or to exercise any of Beyond Juicery Eatery's rights under the assignment.
This arrangement provides Beyond Juicery Eatery with a degree of security, ensuring they can enforce the terms of the assignment and the Franchise Agreement. Prospective franchisees should carefully consider the implications of granting such powers to the franchisor and seek legal counsel to fully understand their obligations and rights.