What is designated within the Exhibit 3 Site Selection Acknowledgment for C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
If executed by Franchisor, within the Exhibit 3 Site Selection Acknowledgment, Franchisor shall designate a geographic area (the "Site Selection Area") within which Franchisor, during the Site Selection Period, shall not, on behalf of any third party, approve any new Spa Location.
Franchisee agrees that the Site Selection Acknowledgment does not, in any way, constitute the approval of Franchisor as to any proposed Spa Location, does not constitute or determine Franchisee's final approved Spa Location, does not constitute Franchisor's designation of Franchisee's Designated Territory, does not afford Franchisee any territorial rights in or to the Site Selection Area, and does not extend and/or modify any obligation on the part of Franchisee to timely secure an approved Spa Location in accordance with the terms of this Agreement;
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, Exhibit 3, the Site Selection Acknowledgment, designates a geographic area called the "Site Selection Area." During the Site Selection Period, C3 Wellness Spa will not approve any new spa locations on behalf of any third party within this designated area.
However, the Site Selection Acknowledgment for C3 Wellness Spa does not constitute approval of any proposed spa location, determine the franchisee's final approved spa location, designate the franchisee's designated territory, or afford any territorial rights in or to the Site Selection Area. It also does not modify the franchisee's obligation to secure an approved spa location in a timely manner, according to the terms of the Franchise Agreement.
The Site Selection Period for C3 Wellness Spa commences on the Site Selection Acknowledgment Date and automatically expires 60 calendar days after that date. If the franchisor does not set forth and acknowledge the Site Selection Acknowledgment Date, the Site Selection Period will be 0 days. If the Site Selection Acknowledgment is not signed by the franchisor, there will be no Site Selection Period.