Does the Brightstar Care franchise agreement include a Collateral Assignment of Lease as an exhibit?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
rough April 3, 2024, the date the consolidated financial statements became available for issuance.
ITEM 22 CONTRACTS
Attached is a copy of all agreements proposed for use in this state with the offer and sale of the Franchised Business. Those agreements are as follows:
EXHIBIT B Franchise Agreement
- A. Declarations Page
- B-1. Authorization for BrightStar Franchising, LLC to Initiate Debit Entries for Monthly Franchise Service Fees
- B-2. Authorization for BrightStar Technology Group, LLC to Initiate Debit Entries for Monthly Technology Service Fees
- C. Collateral Assignment of Lease
- D. Franchisee Ownership and Management Information
- E. Personal Guarantee, Covenants and Assumption of Obligations
- F. Addendum to Franchise Agreement
- G. Franchisee Acknowledgments
- H. Spousal or Life Partner Guarantee
- I. Collateral Assignment of Telephone Numbers
- J Site Selection Addendum
- K. Control Person Addendum
- L.
Source: Item 22 — CONTRACTS (FDD pages 117–118)
What This Means (2025 FDD)
Yes, according to Brightstar Care's 2025 Franchise Disclosure Document, the franchise agreement includes a Collateral Assignment of Lease as an exhibit. Specifically, Exhibit C to the Franchise Agreement is the Collateral Assignment of Lease.
This Collateral Assignment of Lease is a crucial document that gives Brightstar Care certain rights related to the franchisee's lease of their business premises. It ensures that Brightstar Care has the ability to protect its brand and system standards by stepping in if a franchisee defaults on their lease obligations.
As a prospective Brightstar Care franchisee, it is important to carefully review Exhibit C and understand the conditions under which Brightstar Care can exercise its rights under the Collateral Assignment of Lease. This includes understanding the circumstances that constitute a default, the cure period allowed, and Brightstar Care's options to assume the lease or sublease the premises to another franchisee. Franchisees should also note that Brightstar Care has the option to acquire all fixtures, equipment, and other leasehold improvements on the premises at fair market value if they exercise their rights under the Collateral Assignment of Lease.