What agreement outlines the settlement services and billing obligations for Camp Margaritaville?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Section 4.11 Gift Card Program. Franchisee must participate in the program for the sale and processing of gift cards at participating locations (the "Gift Card Program") that Franchisor has established. Concurrent with signing this Franchise Agreement, Franchisee must enter into a franchisee participation agreement with Givex, the third-party provider of transaction processing and settlement
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville FDD, the franchisee must enter into a franchisee participation agreement with Givex, the third-party provider, concurrent with signing the Franchise Agreement. This agreement specifically covers the processing and settlement of gift card transactions within the Camp Margaritaville system.
This agreement mandates the franchisee's participation in the established gift card program, ensuring uniformity across participating locations. By requiring this agreement, Camp Margaritaville aims to streamline gift card transactions and maintain brand consistency.
For a prospective franchisee, this means that upon signing the franchise agreement, they are obligated to also enter into a separate agreement with Givex to handle gift card processing and settlement. This agreement likely outlines the fees, terms, and conditions associated with the gift card program, which the franchisee must adhere to.