Does the Burros Fries franchise agreement include a schedule related to pre-existing businesses?

According to the 2024 Burros Fries Franchise Disclosure Document, the franchise agreement does include a schedule specifically addressing pre-existing businesses. Schedule 2 of the franchise agreement is titled "PRE-EXISTING BUSINESSES." This schedule requires the franchisee to make representations and warranties to Burros Fries as a condition for the franchise agreement to become effective and in consideration of the agreement's terms.

This schedule likely requires the franchisee to disclose any existing business interests that could potentially conflict with the Burros Fries franchise. This is a common practice in franchising to ensure that the franchisee is fully committed to the new business and to avoid conflicts of interest. The representations and warranties made by the franchisee in this schedule are legally binding, meaning that the franchisee could be held liable if they are found to be false or misleading.

Prospective Burros Fries franchisees should carefully review Schedule 2 and ensure that they fully understand their obligations regarding any pre-existing business interests. It is important to disclose all relevant information to Burros Fries to avoid any potential issues down the road. Franchisees should also seek legal counsel to ensure they understand the implications of the representations and warranties they are making.