What parties are involved in the 'THIS AGREEMENT REGARDING LEASED LOCATION BY TENANT' for Brueggers Bagels?

According to Brueggers Bagels's 2025 Franchise Disclosure Document, the parties involved in the 'AGREEMENT REGARDING LEASED LOCATION BY TENANT' are the Landlord, Bruegger's Franchise Corporation, and the Tenant. This agreement outlines the terms and conditions related to the leased location.

This agreement is crucial when Brueggers Bagels, as the franchisor, needs to ensure the continuity of a leased location. It appears to be put in place to protect the franchisor's interest in the event the franchisee/tenant defaults on their lease obligations.

The agreement ensures that Brueggers Bagels has a mechanism to maintain control over the location, which is vital for maintaining brand consistency and operational standards. This type of agreement is common in franchising, as it provides the franchisor with a safety net and the ability to step in and take over a location if necessary, thereby minimizing disruption to the brand and customer base.