In relation to the Carl's Jr. Restaurant Development Agreement, when is the addendum entered into?
Carls_Jr Franchise · 2025 FDDAnswer from 2025 FDD Document
| This | Addendum | to | the | Carl's | Jr. | Restaurant | Development | Agreement | dated | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| between | Carl's | Jr. | Restaurants | LLC | ("CJR") | and | |||||
| ("Developer") is entered into simultaneously | |||||||||||
| with the execution of the Development Agreement. |
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ADDENDUM TO THE CARL'S JR. RESTAURANT DEVELOPMENT AGREEMENT REQUIRED FOR CALIFORNIA FRANCHISEES
between Carl's Jr. Restaurants LLC ("CJR") and ("Developer") is entered into simultaneously with the execution of the Development Agreement. 1. California. The provisions of this Addendum form an integral part of, and are incorporated into the Development Agreement. This Addendum is being executed because: (A) the offer or sale of a franchise to Developer was made in the State of California; (B) Developer is a resident of the State of California; and/or (C) part or all of the Development Territory is located in the State of 2. The following sentences are added immediately before the last sentence of Section 11: known by him must have materially affected his settlement with the debtor." Developer (on behalf of all Releasors) and all guarantors also expressly agree that, with respect to this release, any and all rights granted under Section 1542 of the California Civil Code are expressly waived. That Section reads as follows: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release which if 3. the Development Agreement. Any capitalized terms that are not defined in this Addendum shall have the meaning given them in 4. and in full force and effect. Except as expressly modified by this Addendum, the Development Agreement remains unmodified CJR: CARL'S JR. RESTAURANTS LLC Danell Caron Print Name: Vice President, Legal DEVELOPER: Print Name:
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)
What This Means (2025 FDD)
According to the 2025 Carls Jr. Franchise Disclosure Document, the addendum to the Carl's Jr. Restaurant Development Agreement is entered into simultaneously with the execution of the Development Agreement. This means that the addendum becomes effective at the same time as the original Development Agreement, ensuring that both documents are aligned from the outset.
For a prospective franchisee, this simultaneous execution is important because the addendum modifies or supplements the terms of the Development Agreement. By entering into the addendum at the same time as the Development Agreement, all parties are immediately bound by the changes or additions outlined in the addendum. This ensures clarity and avoids any potential disputes about when the modifications take effect.
Specifically for California franchisees, the FDD includes an addendum to the Carl's Jr. Restaurant Development Agreement that is required. This addendum is also entered into simultaneously with the execution of the Development Agreement. The California addendum is executed because the offer or sale of a franchise to the Developer was made in California, the Developer is a resident of California, and/or part or all of the Development Territory is located in California.