In the context of the Addendum to Lease, is Buona Franchisor considered a third-party beneficiary?

According to Buona's 2025 Franchise Disclosure Document, Buona is considered a third-party beneficiary in the Addendum to Lease. The lease agreement between the lessor and the franchisee (lessee) explicitly states that Buona, as the franchisor, is a third-party beneficiary.

This designation as a third-party beneficiary grants Buona certain rights and protections under the lease agreement, even though they are not a direct party to the lease. This is a common practice in franchising to protect the franchisor's interests in the location of the franchise.

Specifically, this clause ensures that Buona can enforce certain provisions of the lease, such as those related to the use of the premises and the display of proprietary marks. It also supports Buona's right to enter the premises for modifications and ensures that retail radius restrictions do not hinder Buona's expansion. This arrangement provides Buona with added security and control over the franchise location, safeguarding their brand and operational standards.