What does Camp Margaritaville represent and warrant regarding its organization and authority?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) Franchisee is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, and Franchisee's execution and delivery of this Agreement and performance of its obligations hereunder (i) have been duly authorized by all necessary company action, (ii) do not and will not violate or result in a breach or default under any Applicable Law or any agreement to which Franchisee is a party or by which it is bound, and (iii) do not require the consent of any third party that has not been obtained.
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville FDD, Camp Margaritaville requires that the franchisee confirms they are properly organized, legally operating, and in good standing under the regulations of the jurisdiction where they were established.
Camp Margaritaville also requires the franchisee to confirm that they have the authority to enter into the franchise agreement. This means that all necessary company actions have been taken to authorize the agreement, and that the franchisee's obligations under the agreement do not violate any laws or existing agreements.
Finally, Camp Margaritaville requires the franchisee to confirm that they have obtained all necessary third-party consents required for the agreement. This ensures that the franchisee has the legal right and ability to fulfill their obligations without interference from other parties.