According to the Camp Margaritaville franchise agreement, what is the meaning of 'Affiliate'?

According to Camp Margaritaville's 2025 Franchise Disclosure Document, the term 'Affiliate(s)' refers to any Person that directly or indirectly Controls, is Controlled by, or is under common Control with, the specified Party. However, when the term 'Affiliate' is applied to the Franchisor, it excludes Buffett.

This definition is important for prospective franchisees because it clarifies the scope of Camp Margaritaville's network and the entities that are related to the franchisor. Understanding the definition of 'Affiliate' helps a franchisee understand the potential reach and influence of the franchisor and its related entities. It also helps clarify who is considered part of the Camp Margaritaville system and who is not.

It is important to note that the definition of 'Affiliate' excludes Buffett when applied to the Franchisor. This may have implications for the franchisee, as it could affect the level of support or resources available from Buffett or entities controlled by Buffett. Franchisees should carefully consider the implications of this exclusion and how it may impact their relationship with the Camp Margaritaville brand.