Who are the parties involved in the Black Bear Diner Addendum to the Franchise Agreement?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor grants to qualified persons the right to operate a Black Bear Diner restaurant and Franchisee desires to obtain a license to operate a Black Bear Diner restaurant ("Franchised Restaurant") at the location specified in this Agreement, subject to the terms and conditions of this Agreement and in strict compliance with the standards and specifications established by Franchisor; and
NOW, THEREFORE, the parties agree as follows:
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
Based on the 2025 Black Bear Diner Franchise Disclosure Document, the parties involved in the Franchise Agreement are the Franchisor and the Franchisee. The document states that the Franchisor grants qualified persons the right to operate a Black Bear Diner restaurant, and the Franchisee desires to obtain a license to operate a Black Bear Diner restaurant at a specified location, subject to the terms and conditions outlined in the agreement.
Additionally, a Developer may be involved if the agreement is a Development Agreement. The Franchisor executes the Franchise Agreement for each Black Bear Diner restaurant to be developed under the Development Agreement only if the Developer is in compliance with the requirements and obligations of the Development Agreement. The Developer, as Franchisee, must also be in compliance with all obligations under the Franchise Agreement.
Furthermore, the Franchisee and Personal Guarantors agree to certain covenants, including non-compete agreements, during the term of the agreement and after termination. This indicates that Personal Guarantors are also parties involved in certain aspects of the Franchise Agreement, particularly those related to protecting the Franchisor's interests and confidential information.