What is the definition of 'Project' in the Camp Margaritaville FDD?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
| ("Rider") liability | company | THIS DWELLINGS RIDER TO THE CAMP MARGARITAVILLE FRANCHISE AGREEMENT is made and entered into by and between Margaritaville RV Resorts, LLC, a Delaware limited ("Franchisor") and | , a | |
|---|---|---|---|---|
| ("Franchisee") as a rider to the Franchise | Agreement dated | |||
| between Franchisor and Franchisee (the | "Agreement") as of | |||
| ("Effective Date"). | ||||
| Camp Margaritaville Resort at the Site; | WHEREAS, pursuant to the Agreement, Franchisor has authorized Franchisee to operate the Resort as a | |||
| WHEREAS, Franchisee has applied to develop vacation dwellings utilizing the Camp Margaritaville | ||||
| Intellectual Property for sale and rental at or adjacent to the Site; and | ||||
| WHEREAS, Franchisor is willing to accept such application and grant a license to Franchisee to use the | ||||
| Camp Margaritaville Intellectual Property to develop vacation dwellings for sale and rental at or adjacent | ||||
| to the Site and solely in connection with the Resort. | ||||
| acknowledged, the | parties agree as follows: | NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are | ||
| 1. | Terms. Capitalized terms in this Rider have the meaning set forth in the Agreement, unless added | |||
| or amended pursuant to Section 2 below. | ||||
| 2. | Definitions | |||
| 2.1 | "Brand Lifestyle Fee" shall have the meaning set forth in Section 4.1.3 of this Rider; | |||
| 2.2 | the Dwellings Standards. | "Camp Margaritaville Standards" shall mean, collectively, the System Standards and | ||
| 2.3 | Rider; | "Club Membership Documents" shall have the meaning set forth in Section 4.1.3 of this | ||
| 2.4 | "Dwelling Royalty" shall have the meaning set forth in Section 5.3 of this Rider; | |||
| 2.5 | shares; | "Dwellings" shall mean residential vacation dwellings branded with the Camp | ||
| Margaritaville Intellectual Property within the Project intended for sale to purchasers, | ||||
| specifically bungalows unless otherwise approved by Franchisor, and excluding time |
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, the term 'Project' refers to residential vacation dwellings branded with the Camp Margaritaville Intellectual Property within the Project intended for sale to purchasers, specifically bungalows unless otherwise approved by Franchisor, and excluding time shares.
This definition is found within the context of a Dwellings Rider to the franchise agreement, indicating that it applies when the franchisee is developing and selling vacation dwellings at or adjacent to the Camp Margaritaville Resort site. The dwellings must adhere to Camp Margaritaville's brand standards and are intended for individual sale, not timeshares, unless the franchisor approves other dwelling types.
This definition is important for prospective franchisees who plan to develop and sell residential units alongside their Camp Margaritaville location. It clarifies what types of dwellings are permissible under the franchise agreement and emphasizes the need to maintain brand consistency and quality control in any associated real estate sales. Franchisees should pay close attention to the restrictions and requirements related to the use of Camp Margaritaville's intellectual property in the marketing and sale of these dwellings.