What is the ADA number associated with the Buona Area Development Agreement?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
Last date for Execution of Franchise Agreement Last date for Execution of Lease or Date for Purchase Agreement for Commencement Franchisor Approved Site of Operations Upon the execution of this Agreement FRANCHISOR: CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING LLC DEVELOPER: [ENTITY NAME] An Illinois limited liability Franchisor A Dated: Dated: FRANCHISOR INITIALS______ ______DEVELOPER INITIALS
ADA 2025 - 17 -
EXHIBIT C TO THE AREA DEVELOPMENT AGREEMENT
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the Area Development Agreement (ADA) number is referenced in several exhibits. Specifically, in Exhibit B, the ADA number is 'ADA 2025 - 17 -'. Additionally, Exhibit A references 'ADA 2025 - 16 -'. The ADA number appears to be associated with the specific exhibit and possibly a sequential identifier.
These ADA numbers are present on the signature pages for both the franchisor, Chicago's Original Italian Beef Franchising LLC, and the developer, indicating that each party acknowledges and agrees to the terms outlined in the respective exhibits of the Area Development Agreement. The inclusion of these numbers on multiple exhibits suggests they serve as a way to track and reference specific versions or components of the overall agreement.
For a prospective Buona area developer, understanding the significance of these ADA numbers is crucial. It would be prudent to confirm with Buona the exact meaning and implications of these numbers, particularly how they relate to the obligations and rights outlined in each exhibit. This ensures clarity and avoids potential misunderstandings regarding the terms of the Area Development Agreement.