What does Exhibit C of the Card My Yard Franchise Agreement detail?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
power to direct or cause the direction of the management and policies of an entity, whether through ownership of voting securities, by contract or otherwise.
"DesignatedSearch Area" means the non-exclusive geographic area described in Exhibit C to this Agreement within which you will locate a site for your Card My Yard business.
"Force Majeure" means acts of God, strikes, lockouts or other industrial disturbances, war, acts of terrorism, riot, epidemic, fire or other catastrophe or other forces beyond a party's control.
"Franchise Location" means the address of the premises, located by you and accepted by us, at which the Card My Yard business is located, as listed in Exhibit C to this Agreement.
"Fulfilled Orders Report" means the bi-weekly report,in the form and manner we require, due on the Monday prior to the applicable Net Proceeds distribution date during the term of this Agreement, itemizing the Gross Sales of the Card My Yard business for the applicable royalty period.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, Exhibit C to the Franchise Agreement specifies both the Franchise Location and the Protected Area granted to the franchisee. The Franchise Location is the address of the premises, accepted by Card My Yard, where the franchisee will operate their Card My Yard business. The Protected Area is the geographic area assigned to the franchisee upon acquiring the Franchise Location.
After Card My Yard accepts the site and the franchisee acquires it, the address is entered as the Franchise Location in Exhibit C. The Protected Area around this location is also described in Exhibit C. This area defines the geographic boundaries within which the franchisee receives certain protections, meaning Card My Yard will not establish or authorize another Card My Yard business within that area during the term of the agreement, with some exceptions.
The franchisee's rights to operate are limited to the Franchise Location and are subject to adherence to the Franchise Agreement and Card My Yard's standards. The agreement also states that the franchisee's Designated Search Area is described in Exhibit C, which is the non-exclusive geographic area within which the franchisee will locate a site for their Card My Yard business.