What components are included in the definition of the 'Agreement' for Big O Tires?
Big_O_Tires Franchise · 2025 FDDAnswer from 2025 FDD Document
BIG O TIRES, LLC, a Nevada limited liability company ("Big O"), and the undersigned franchisee ("Franchisee") entered into that certain Big O Franchise Agreement ("Agreement") contemporaneously herewith, and desire to supplement and amend certain terms and conditions of such Agreement by this Successor Franchise Rider to Franchise Agreement ("Rider"). The parties therefore agree as follows:
Source: Item 23 — RECEIPTS (FDD pages 102–535)
What This Means (2025 FDD)
According to Big O Tires' 2025 Franchise Disclosure Document, the term 'Agreement' is defined within the context of a Successor Franchise Rider. Specifically, it refers to the original Big O Franchise Agreement entered into between Big O Tires, LLC and the franchisee. The Successor Franchise Rider serves to supplement and amend certain terms and conditions of this original agreement.
In simpler terms, if a franchisee is taking over an existing Big O Tires location, the 'Agreement' encompasses not just the initial franchise contract but also any additional documents, like the Successor Franchise Rider, that modify or update the original terms. This rider is crucial because it outlines any changes to the original agreement, ensuring both parties are clear on the current operating terms.
For a prospective franchisee, this means understanding that the franchise agreement isn't necessarily a static document. It can be altered by riders or amendments, especially in cases of franchise transfers or renewals. Therefore, it's essential to carefully review all documents that constitute the 'Agreement' to fully grasp the current obligations, rights, and responsibilities associated with operating a Big O Tires franchise.