Does the Bombs Away Indiana Rider define the term 'Franchisee'?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
This Rider amends the Franchise Agreement dated (the "Agreement"), between Bombs Away Franchising, LLC, a Wyoming Limited Liability Company ("Bombs , Away a Franchising") and ("Franchisee").
- Capitalized terms used but not defined in this Rider have the meanings given Definitions. in the Agreement.
- Any provision of the Agreement restricting jurisdiction or venue Jurisdiction and Venue. to a forum outside the State of Rhode Island or requiring the application of the laws of another Investment Act. state is void with respect to a claim otherwise enforceable under Rhode Island Franchise
- This Rider is effective as of the Effective Date. Effective Date. Agreed to by: BOMBS AWAY FRANCHISING, LLC
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
Based on the 2024 Bombs Away Franchise Disclosure Document, the Indiana Rider to the Franchise Agreement does not explicitly define the term "Franchisee." However, the Illinois, Maryland, and Rhode Island Riders included in the FDD do define the term 'Franchisee' in their respective riders.
Specifically, these riders state that the agreement is between "Bombs Away Franchising, LLC" and "Franchisee." This implies that the term "Franchisee" refers to the individual or entity entering into the agreement with Bombs Away Franchising, LLC to operate a Bombs Away franchise.
While the Indiana Rider does not contain this explicit definition, prospective franchisees in Indiana should assume the term carries the same meaning as in the other state riders, unless otherwise specified within the full Franchise Agreement. It would be prudent for potential franchisees to seek clarification from Bombs Away Franchising regarding the precise legal definition and implications of the term "Franchisee" within the context of the Indiana Rider and the overall Franchise Agreement to ensure full understanding of their rights and obligations.