According to the Buona Guaranty agreement, who is considered the 'Franchisor'?

According to the 2025 FDD, the Area Development Agreement states that the Franchisor is 'CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING LLC'. This entity, an Illinois limited liability company, is the party granting the development rights and franchise opportunities to developers.

This means that 'CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING LLC' is the legal entity that the developer will be contracting with when signing the Area Development Agreement. It is crucial for prospective developers to understand who the franchisor is, as this entity is responsible for upholding the obligations and responsibilities outlined in the agreement.

Furthermore, all owners of the developing entity must personally guarantee the Area Development Agreement by executing a Guaranty and Assumption of Obligations, reinforcing the franchisor's position and ensuring commitment from the developer's side. Understanding the franchisor's identity is a fundamental aspect of the agreement and is essential for all parties involved.