What is included in Exhibit B of the Carvel Franchise Agreement?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
The following contracts and related documents are attached to this Disclosure Document:
EXHIBIT B CARVEL FRANCHISE AGREEMENT AND RELATED AGREEMENTS:
Schedule A - Franchise Specific Terms
Schedule B - Personal Covenants
Schedule C - Guaranty of Payment and Performance
Schedule D - State Law Addendum (If Required)
Schedule E - Multi-Unit Addendum
Source: Item 22 — Contracts (FDD pages 99–100)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, Exhibit B includes the Carvel Franchise Agreement and related agreements. Specifically, Schedule A, which covers Franchise Specific Terms, is included in Exhibit B. Schedule B, addressing Personal Covenants, is also part of Exhibit B. Additionally, Schedule C, which contains the Guaranty of Payment and Performance, is included. If required, Schedule D, the State Law Addendum, is also part of Exhibit B. Finally, Schedule E, the Multi-Unit Addendum, is included in Exhibit B.
For a prospective Carvel franchisee, this means that Exhibit B is a crucial document containing the core legal agreements and terms that govern the franchise relationship. It outlines the specific terms applicable to the franchise, the personal obligations of the franchisee, guarantees related to payment and performance, any state-specific legal requirements, and terms for franchisees operating multiple units.
Understanding the contents of Exhibit B is essential for any potential Carvel franchisee. It is important to carefully review each schedule to fully grasp the commitments and obligations involved in owning and operating a Carvel franchise. Consulting with a legal professional to review these documents is advisable to ensure a complete understanding of the franchise agreement and related schedules.