Who is included in the definition of 'Buffett' for the Camp Margaritaville franchise agreement?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Buffett" shall mean Jimmy Buffett, Coral Reefer Music, and/or The James W.
Buffett 1990 Trust (as amended);
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, the term "Buffett" is specifically defined within the franchise agreement. This definition is important because it clarifies who or what entities hold certain rights or have influence related to the franchise, particularly concerning intellectual property.
For a prospective Camp Margaritaville franchisee, understanding this definition is crucial. It identifies that "Buffett" encompasses Jimmy Buffett himself, Coral Reefer Music, and/or The James W. Buffett 1990 Trust (as amended). This means that any references to "Buffett" in the franchise agreement could pertain to any or all of these entities, especially when dealing with intellectual property rights, approvals, or other related matters.
Knowing the scope of this definition helps franchisees understand the parties involved in the Camp Margaritaville franchise beyond just the franchisor, Margaritaville RV Resorts, LLC. It highlights the importance of Jimmy Buffett and his associated entities in the overall branding and intellectual property of the franchise. This understanding can be vital when navigating the legal and operational aspects of the franchise agreement.