Does the Confidentiality and Non-Compete Agreement for Burros Fries include recitals?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Agreement is made and entered into , 20, between Burros & Fries Franchise, Inc., a California corporation (hereinafter referred to as "Franchisor/we/us/our") and, (hereinafter referred to as "You").
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, the agreement includes an introductory statement. The document states, "This Agreement is made and entered into , 20, between Burros & Fries Franchise, Inc., a California corporation (hereinafter referred to as "Franchisor/we/us/our") and, (hereinafter referred to as "You")." This functions as a recital, identifying the parties involved and the date of the agreement.
This introductory statement is a standard practice in legal agreements, setting the stage for the terms and conditions that follow. For a Burros Fries franchisee, this means the agreement clearly identifies who the parties are (the franchisor and the franchisee) right from the start. This helps avoid any confusion about who is bound by the agreement.
While this statement serves as an introduction, franchisees should carefully review the entire agreement to understand all their rights and obligations. It is also important to note the date when the agreement is made, as this can be relevant for determining the start and end dates of various obligations, such as the non-compete period.