In the receipts section for C3 Wellness Spa, who is the franchisor identified as?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Pursuant to and subject to the terms of the Franchise Agreement dated by and between Aryes Franchising LLC, as Franchisor, and, as Franchisee (the "Franchise Agreement"), Franchisee has identified a potential area in which Franchisee may seek to identify a potential spa for Franchisee's C3 Wellness. Based on Franchisee's request, Franchisor agrees that during the limited period of time that commences on the Site Selection Acknowledgment Date and automatically expires 60 calendar days after the Site Selection Acknowledgment Date, that Franchisor shall not grant to Location within the following geographic Site Selection Area: [Must be completed by Franchisor] Franchise Agreement including, but not limited to Article 1 LOCATION AND DOES NOT AFFORD FRANCHISEE ANY TERRITORIAL RIGHTS. The terms contained in this Site Selection Acknowledgment shall have the meaning set forth in the and Article 2 of the Franchise Agreement. In the event of any inconsistency or conflict between this Site Selection Acknowledgment and the terms of the Franchise Agreement, the terms of the Franchise Agreement shall take precedence and govern. If Franchisor does not complete the Site Selection Acknowledgment Date and sign this Site Selection Acknowledgment, then this Site Select Addendum shall not be effective and there shall be no Site Selection Area. As set forth in the Franchise Agreement, among other things, A SITE SELECTION AREA IS NOT AN OPERATING TERRITORY, DOES NOT CONSTITUTE THE APPROVAL AS TO ANY SPA Aryes Franchising LLC Name and Title Name (please print) Name (please print)
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the franchisor is identified as Aryes Franchising LLC within the context of the Site Selection Acknowledgment. This acknowledgment is part of the receipts section and pertains to the agreement between Aryes Franchising LLC, acting as the franchisor, and the franchisee.
The document specifies that the Site Selection Acknowledgment does not grant approval of a spa location, designate an operating territory, or grant any territorial rights. It serves as an agreement that, for a limited time (60 days), the franchisor will not grant another franchise within a specific geographic area identified by the franchisee. This agreement is subject to the terms outlined in the Franchise Agreement, which takes precedence in case of any inconsistencies.
This acknowledgment is a preliminary step in the franchise process, allowing the franchisee to explore potential locations without immediate competition from other franchisees within a defined area for a short period. However, it's crucial to understand that this acknowledgment does not guarantee any territorial rights or approval of the site, as these aspects are governed by the broader Franchise Agreement. The franchisee must ensure compliance with all terms of the Franchise Agreement, as those terms will ultimately dictate the relationship between the franchisee and Aryes Franchising LLC.