Does the Lease Agreement Rider for C3 Wellness Spa describe any required actions for the franchisee?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
as Exhibit 4 to the Franchise Agreement (the "Lease Agreement Rider") and that you collaterally assign the lease to us as set f
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, Exhibit 4 is the Lease Agreement Rider. The FDD defines the "Lease Agreement Rider" as the form "Lease Agreement Rider" attached to the agreement as Exhibit 4.
However, the provided excerpts do not contain the actual Lease Agreement Rider (Exhibit 4) or detail its contents. Therefore, it's not possible to determine from this documentation what specific actions the Lease Agreement Rider requires of the franchisee.
A prospective C3 Wellness Spa franchisee should carefully review Exhibit 4 of the Franchise Agreement and consult with the franchisor to fully understand all obligations related to leasing a location. It would be prudent to seek legal counsel to review the lease agreement and rider to ensure full comprehension of the terms and conditions.