What acknowledgement is included as Schedule 2 to the Casiola Franchise Agreement?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
description of the Operating Market includes and/or delineates geographic or political boundaries such determinations will be considered fixed as of the Effective Date of the Franchise Agreement and will not change for the purpose of this Agreement notwithstanding a change or reorganization to such boundaries or regions. All street boundaries, if any, will be deemed to end at the street center lines unless otherwise specified above.
Franchisor: Casiola Franchise LLC Name and Title (please print) Name (please print) Name (please print)
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, Schedule 2 of the Franchise Agreement is the Franchise Fee Acknowledgment. This schedule requires both the franchisor and franchisee to agree on certain details regarding the franchisee's operating market.
Specifically, the schedule requires specification as to whether the operating market qualifies as a single territory only, or a single territory plus additional territories. If the latter, the number of total territories must be indicated. The schedule also requires specification of the initial franchise fee, with a blank space provided to fill in the dollar amount.
Both the franchisor and franchisee must sign and date the Franchise Fee Acknowledgement to confirm their agreement on these key financial and territorial terms. This acknowledgement ensures that both parties are aligned on the scope of the franchise and the associated fees at the outset of the agreement.