According to the Carvel FDD, what entity does 'Franchisor' refer to?

According to the 2025 Carvel Franchise Disclosure Document, the term 'Franchisor' refers to Carvel Franchisor SPV LLC, which is identified as a Delaware limited liability company. This is a crucial definition for prospective franchisees as it clarifies the legal entity they will be contracting with when they enter into a franchise agreement.

Understanding the franchisor's legal structure is important for several reasons. It helps franchisees assess the stability and potential liability associated with the franchise. Knowing that Carvel Franchisor SPV LLC is a limited liability company provides some assurance that the franchisee's personal assets may be protected in the event of legal or financial issues with the franchise, although this protection is not absolute and can be affected by personal guarantees or other factors.

Furthermore, the fact that Carvel Franchisor SPV LLC is based in Delaware may have implications for legal proceedings or disputes, as Delaware law may govern certain aspects of the franchise agreement. Prospective franchisees should consult with legal and financial advisors to fully understand the implications of the franchisor's legal structure and domicile.

In summary, the definition of 'Franchisor' as Carvel Franchisor SPV LLC, a Delaware limited liability company, is a key piece of information in the FDD that helps potential franchisees understand the legal entity they are dealing with and the potential legal and financial ramifications of the franchise agreement.