Under the Buona Franchise Agreement, does the definition of 'Developer' include all persons and entities signing the agreement, regardless of their capacity?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| (a) | Developer. The word "Developer" means, and all other persons and entities signing the Franchise Agreement in whatever |
|---|---|
| capacity. | |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the term 'Developer' in the Franchise Agreement encompasses all persons and entities who sign the agreement, irrespective of the capacity in which they sign. This definition is important because it clarifies who is bound by the obligations and responsibilities outlined in the agreement.
For a prospective Buona franchisee, this means that anyone signing the Franchise Agreement, whether as an individual, a corporate entity, or in any other capacity, is considered a 'Developer' and is subject to the terms and conditions of the agreement. This could include owners, partners, or other individuals associated with the franchisee entity.
This broad definition ensures that all parties involved in the franchise operation are accountable and legally bound by the Franchise Agreement. It is crucial for potential franchisees to understand this definition and its implications, as it affects their rights and obligations under the agreement. Franchisees should carefully review the Franchise Agreement and seek legal counsel to fully understand their responsibilities as a 'Developer'.