What agreements must be satisfied for the power of attorney granted to Buns On Fire to be revocable?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBITS:
Exhibit A Location Addendum
Exhibit B. Guaranty (to Franchisor)
Exhibit C. Conditional Lease Assignment Provisions
Exhibit D. Site Location Addendum
Exhibit E. Internet, Website, and Telephone Listing Agreement
Exhibit F. State Specific Addendum
Exhibit G. Franchisee Disclosure Acknowledgement Statement
Exhibit H. Questionnaire
Exhibit I. Training Completion Agreement and Release
Exhibit J. [Reserved].
Exhibit K. Guaranty (Exclusive Supplier)
Exhibit L. Electronic Transfer Authorization
Exhibit M. Power of Attorney
Exhibit N. ADA Certificate
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, there is an exhibit related to the power of attorney. Specifically, Exhibit M is listed as the Power of Attorney. However, the excerpt does not provide the conditions or terms that would allow the power of attorney to be revocable.
A prospective Buns On Fire franchisee should carefully review Exhibit M of the Franchise Agreement to understand the specific circumstances under which the power of attorney can be revoked. This is crucial for maintaining control over their business and ensuring that they can terminate the power of attorney if necessary.
To gain a comprehensive understanding, a potential franchisee should ask Buns On Fire for a full copy of Exhibit M and seek legal counsel to review the terms and implications. This will help the franchisee make an informed decision about granting the power of attorney and understand their rights and obligations.