What constitutes the 'Agreement' in the Bumble Roofing franchise agreement?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Agreement ("Agreement") is entered into this day of 20 (the "Effective Date") between BUMBLE ROOFING FRANCHISOR, LLC ("Franchisor"), ("Franchisee"), and ("Guarantors"). | |
|---|---|
| BACKGROUND | |
| A. | Franchisor and Franchisee entered into a franchise agreement dated (the "Franchise Agreement"). |
| B. | [NOTE: Describe the circumstances relating to the release.] AGREEMENT |
| 1. | [Note terms and details of the Agreement] |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, the term "Agreement" refers to the franchise agreement entered into between Bumble Roofing Franchisor, LLC, the franchisee, and any guarantors. The FDD excerpts also reference related agreements that modify the original agreement.
The initial franchise agreement grants the franchisee the right to operate a Bumble Roofing business. This agreement outlines the terms and conditions under which the franchisee will operate, including the term of the agreement, which is initially seven years. Upon expiration of the initial term, a franchisee has the option to extend the agreement for a Successor Term, provided they meet certain conditions and execute a Successor Franchise Agreement.
Several addenda and exhibits are related to the franchise agreement. These include an Acknowledgment Addendum, which confirms that the franchisee understands the terms of the agreement and that no unauthorized promises were made. There is also an Aggregate Reporting Addendum, which modifies the provisions of the Franchise Agreements when a franchisee owns multiple Bumble Roofing franchises. These additional documents are all part of the overall contractual relationship between Bumble Roofing and its franchisees.