What is the effective duration of the Buns On Fire Irrevocable Power of Attorney?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
| IRREVOCABLE POWER OF ATTORNEY |
|---|
| STATE OF |
| ) |
| ) |
| COUNTY OF |
| ) |
| KNOW ALL MEN BY THESE PRESENTS |
| That [], a [] [limited liability company / corporation] ("Franchisee"), does |
| hereby irrevocably constitute and appoint SMYA VENTURES LLC, an Illinois limited liability company |
| ("Franchisor"), true and lawful attorney-in-fact and agent for Franchisee and in Franchisee's name, place |
| and stead to do or cause to be done all things and to sign, execute, acknowledge, certify, deliver, accept, |
| record and file all such agreements, certificates, instruments and documents as, in the sole discretion of |
| Franchisor, shall be necessary or advisable f |
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
According to the 2025 Buns On Fire FDD, the document includes an Irrevocable Power of Attorney agreement. This agreement allows SMYA VENTURES LLC, the franchisor, to act as the franchisee's attorney-in-fact and agent. The franchisor can perform actions and execute documents on behalf of the franchisee.
The provided excerpt does not specify the duration or termination conditions of this power of attorney. The excerpt focuses on granting the power of attorney to the franchisor, SMYA VENTURES LLC, enabling them to act on behalf of the franchisee for necessary or advisable actions at the franchisor's discretion.
A prospective Buns On Fire franchisee should carefully review the full Irrevocable Power of Attorney document within the Franchise Agreement to understand the specific circumstances under which the franchisor can exercise this power, the limitations on that power, and the conditions under which the power of attorney terminates. It is important to understand the implications of granting such broad authority to the franchisor and to seek legal counsel to assess the risks and benefits.