What is the relationship between the Assignor and Assignee in the context of the C3 Wellness Spa franchise system?

According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the Assignor is the franchisee and the Assignee is the franchisor. The Assignor, as a franchisee, and the Assignee, as a franchisor, are parties to a C3 Wellness Spa Franchise Agreement. This agreement outlines the terms and conditions under which the franchisee operates their C3 Wellness Spa location. The Assignee, as the franchisor, grants the franchisee the right to operate under the C3 Wellness Spa system.

The Assignor possesses certain rights and obligations under the Franchise Agreement, including the utilization of accounts, information, phone numbers, and digital media strictly as set forth in the agreement. The Assignor also represents that they have the full power and authority to enter into the assignment and have not previously assigned or transferred their interests in the lease or leased premises. The Assignee, on the other hand, has the right to take possession of the leased premises and terminate the Assignor's rights under certain conditions, such as a default by the Assignor under the lease or the Franchise Agreement.

The Assignor cannot terminate, surrender, or modify the lease without the Assignee's written consent. The Assignor must also elect and exercise all options to extend or renew the lease at least 120 days before the option expires, unless the Assignee agrees otherwise in writing. If the Assignor fails to do so, the Assignee has the right to act on behalf of the Assignor to effectuate extensions and renewals of the lease. This arrangement ensures that the franchisor maintains control over the leased premises and protects the interests of the C3 Wellness Spa franchise system.