Who are the parties involved in the Addendum to the Carl's Jr. Restaurant Franchise Agreement?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
THIS ADDENDUM to the Carl's Jr. Restaurant Franchise Agreement dated as of ("Franchise Agreement") by and between Carl's Jr. Restaurants LLC ("CJR"), ("Franchisee") and and (collectively "Guarantors") is entered into simultaneously with the Franchise Agreement. RECITALS A. CJR and Franchisee have entered into the Franchise Agreement pursuant to which Franchisee is authorized to continue to operate Carl's Jr. Restaurant No. 110/ ("Franchised Restaurant") located at ("Franchised Location"). B. Franchisee has been operating the Franchised Restaurant at the Franchised Location pursuant to one or more consecutive franchise agreements (collectively, "Prior Agreement"), the Initial Term of which
- C. CJR and Franchisee have executed the Franchise Agreement to renew the Franchise granted to Franchisee pursuant to the Prior Agreement.
- D. Those individuals identified above as "Guarantors," if any, have guaranteed Franchisee's obligations under the Franchise Agreement.
- E. CJR, Franchisee and Guarantors desire to modify certain provisions of the Franchise Agreement as reflected in this Addendum.
Source: Item 23 — RECEIPTS (FDD pages 80–480)
What This Means (2024 FDD)
According to the 2024 FDD, the parties involved in the Addendum to the Carl's Jr. Restaurant Franchise Agreement are Carl's Jr. Restaurants LLC ("CJR"), the Franchisee, and the Guarantors. The addendum modifies the original franchise agreement between CJR and the franchisee.
The addendum acknowledges that the franchisee is authorized to operate a Carl's Jr. Restaurant at a specific location under the terms of the franchise agreement. It also recognizes that the franchisee has been operating the restaurant under previous agreements and that the guarantors, if any, have guaranteed the franchisee's obligations.
The document states that all parties involved, CJR, the franchisee, and the guarantors, agree to modify specific provisions of the original franchise agreement through the addendum. This ensures that all parties are in agreement with the changes and that the modifications are legally binding.