What is the significance of the 'Effective Date' in relation to the Camp Margaritaville Dwellings Rider?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
aspects of the Lodge System. Franchisor may modify the Lodge Manual periodically to reflect changes in Lodge Standards, which Franchisor may change in its sole discretion. Franchisee agrees to restrict (and ensure its Key Personnel restricts) access to the Lodge Manual in accordance with Franchisor's policies, as Franchisor periodically modifies them. If there is a dispute over its contents, Franchisor's master copy of the Lodge Manual controls. Franchisee agrees that the Lodge Manual's contents and any passwords or other digital identifications necessary to access the Lodge Manual are part of the Confidential Information.
5. EFFECT.
5.1 The terms of this Rider are expressly made subject to and are governed by the Agreement. Except as specifically set forth in this Rider, the Franchise Agreement shall continue in full
force and effect. In the event of a conflict between the terms of the Agreement and this Rider, this Rider shall control.
IN WITNESS WHEREOF, the Parties have executed this Rider as of the day and year first above written.
| By: Name: John Cohlan Title: Chief Executive Officer |
|---|
| [COMPANY] |
| By: |
| Name: |
| Title: |
MARGARITAVILLE RV RESORTS, LLC
| EXHIBIT C-4 TO THE DISCLOSURE DOCUMENT | |
|---|---|
| FORM OF DWELLINGS | |
| RIDER | |
DWELLINGS RIDER TO THE CAMP MARGARITAVILLE
FRANCHISE AGREEMENT
| ("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 |
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, the 'Effective Date' specifies when the Dwellings Rider to the Franchise Agreement becomes active. The rider is established between Margaritaville RV Resorts, LLC, the Franchisor, and the Franchisee. The rider modifies the original Franchise Agreement, allowing the franchisee to develop vacation dwellings using Camp Margaritaville's intellectual property for sale or rental at or near the resort site.
The rider indicates that the franchisee has applied to develop these vacation dwellings, and the franchisor has agreed to grant a license for the use of Camp Margaritaville's intellectual property for this purpose. The 'Effective Date' essentially marks the commencement of this specific agreement, which is tied to the existing Franchise Agreement.
Terms defined within the rider, such as 'Brand Lifestyle Fee,' 'Camp Margaritaville Standards,' 'Club Membership Documents,' and 'Dwelling Royalty,' are crucial for understanding the financial and operational obligations related to the vacation dwellings. The rider also defines 'Dwellings' as residential vacation dwellings branded with Camp Margaritaville Intellectual Property intended for sale to purchasers, specifically bungalows unless otherwise approved by the Franchisor. The 'Effective Date' confirms when these specific terms and conditions come into play, supplementing the original franchise agreement.