According to the Buona Franchise Agreement, what does the term 'Developer' refer to?

According to Buona's 2025 Franchise Disclosure Document, specifically within the post-termination covenants of the franchise agreement, the term 'Developer' includes each and every Owner of Developer. This definition is crucial for understanding the scope of restrictions placed on individuals associated with the development agreement after its termination or expiration.

This means that the post-termination obligations and restrictions apply not only to the entity that signed the Development Agreement with Buona, but also to every individual who owns a part of that entity. These obligations include restrictions on engaging in competitive businesses within a specific area and for a certain period, as well as restrictions on soliciting employees or customers of Buona.

For a prospective Buona franchisee, this definition has significant implications. It means that all owners of the development entity will be personally bound by the post-termination covenants, which could limit their future business activities. Therefore, potential franchisees should carefully consider these restrictions and ensure they understand the full extent of their obligations before entering into a Development Agreement with Buona.