What exhibits should be included in the Carls Jr. disclosure document issued on May 24, 2025?
Carls_Jr Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document issued on May 24, 2025. This disclosure document included the following exhibits: A. List of State Administrators; B. Agents for Service of Process; C. Development Agreement; D. Franchise Agreement; E. Preliminary Agreement; F. Confidentiality Agreement; G-1. Software Support Agreement for PAR Brink and CrunchTime; G-2 OLO Authorized Operator Agreement; H. List of Franchisees That Closed/Transferred Franchised Restaurants in last Fiscal Year; I. List of Franchisees and Franchised Locations; J. Financial Statements; and K. Addenda Required by Certain States; L. Development Incentive Program Addenda to Franchise Agreement; M. Renewal Addendum; and N. State Effective Dates Page.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)
What This Means (2025 FDD)
According to the 2025 Carls Jr. Franchise Disclosure Document, the disclosure document issued on May 24, 2025, includes several exhibits. These exhibits provide additional information and are an integral part of the franchise offering.
The exhibits included are: A. List of State Administrators; B. Agents for Service of Process; C. Development Agreement; D. Franchise Agreement; E. Preliminary Agreement; F. Confidentiality Agreement; G-1. Software Support Agreement for PAR Brink and CrunchTime; G-2 OLO Authorized Operator Agreement; H. List of Franchisees That Closed/Transferred Franchised Restaurants in last Fiscal Year; I. List of Franchisees and Franchised Locations; J. Financial Statements; and K. Addenda Required by Certain States; L. Development Incentive Program Addenda to Franchise Agreement; M. Renewal Addendum; and N. State Effective Dates Page.
These exhibits cover a wide range of topics, from legal and administrative details to financial statements and specific agreements. For a prospective franchisee, reviewing these exhibits is crucial to fully understand the terms and conditions of the franchise agreement, the financial health of the franchisor, and any state-specific requirements or addenda that may apply.
It is important for potential Carls Jr. franchisees to carefully examine each exhibit and seek professional advice from an attorney or financial advisor to ensure they fully understand the implications of each document before making any commitments.