Where can I find the definition of 'Approval Agents' within the Camp Margaritaville franchise agreement?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Words and terms used in this Agreement as defined terms with initial capital letters shall have the meaning ascribed thereto in this Agreement including, without limitation, the following words and terms shall have the respective meanings ascribed to them below and grammatical variations of such words and terms shall have corresponding meanings.
"Approval Agents" shall have the meaning set forth in Section 5.04;
"Authorized Representatives" shall have the meaning set forth in Section 11.03;
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the definition of "Approval Agents" can be found in Exhibit A to the Franchise Agreement under the Definitions section. Specifically, the document states that the term "Approval Agents" has the meaning set forth in Section 5.04 of the agreement.
Section 5.04 likely contains the details about who the Approval Agents are and what authority they have in the Camp Margaritaville franchise system. Based on the information provided in the FDD, these agents are involved in approving various aspects of the franchisee's operations, particularly concerning the use of Camp Margaritaville's intellectual property.
Furthermore, a new Section 5.04(f) is added to the agreement, specifying that for HOA matters, Stuart Schultz, VP of Residential Community Relations at Margaritaville Enterprises, LLC, serves as an Approval Agent, and his email address is provided. This addition clarifies who to contact for approvals related to Homeowners Association issues, providing a direct point of contact for franchisees.