According to the Body20 Development Agreement, what do the terms 'we,' 'us,' and 'our' refer to?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT (this "Agreement") is made and entered into as of the date set forth on Appendix A of this Agreement (the "Effective Date") (Appendix A and all appendices and schedules attached to this Agreement are hereby incorporated by this reference) between BODY20 Franchisor LLC, a Delaware limited liability company with its principal place of business at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 ("Franchisor"), and the person or entity identified on Appendix A as the franchisee ("Franchisee") with its principal place of business as set forth on Appendix A. In this Agreement, "we," "us," and "our" refers to BODY20 Franchisor LLC. "You" and "your" refers to Franchisee.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, the terms 'we,' 'us,' and 'our' in the Development Agreement refer to BODY20 Franchisor LLC, a Delaware limited liability company. This clarifies that when the agreement uses these pronouns, it is speaking about the franchisor entity itself, which has its principal place of business in Newport Beach, California.
This definition is important for a prospective franchisee to understand because it establishes who is making the commitments and promises within the Development Agreement. It distinguishes the franchisor from the franchisee ('you' and 'your'), ensuring clarity in the contractual obligations and rights of each party. The Development Agreement outlines the terms under which a franchisee can develop multiple Body20 studios within a specific area.
Furthermore, the Development Agreement is made and entered into as of the date set forth on Appendix A. This agreement, along with all appendices and schedules, are incorporated by reference. Understanding the defined terms is crucial for interpreting the various clauses and conditions outlined in the agreement and its related documents.
In essence, this definition provides a foundation for understanding the roles and responsibilities outlined in the Development Agreement, ensuring that both Body20 Franchisor LLC and the franchisee are clear on their respective obligations and rights throughout the development process.