Who are the parties involved in the Existing Franchisee Incentive Addendum for Checkers?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
--|----|-----|---------|----------|-------------------------------------------------------------------------------------| | | | | | | | | | | RESTAURANTS, INC., a Delaware corporation ("Franchisor," "we," "our," or "us"), and | | | | | | | | | | | ("you" or "your" or "Franchisee"). We and you may each | | | | | be referred to as a "Party," or collectively, the "Parties." | | | | | | |
R E C I T A L S
WHEREAS, Franchisor has implemented an incentive program available to qualified existing franchisees of "Checkers" or "Rally's" restaurants under which the Initial Franchise F
Source: Item 22 — CONTRACTS (FDD pages 91–92)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the parties involved in the Existing Franchisee Incentive Addendum are Checkers Drive-In Restaurants, Inc., as the Franchisor, and the Franchisee. This addendum modifies the original Franchise Agreement under specific terms and conditions.
The Existing Franchisee Incentive program is available to qualified existing franchisees of "Checkers" or "Rally's" restaurants. It provides a $10,000 reduction in the Initial Franchise Fee if the franchisee opens their restaurant within one year of signing the Franchise Agreement. The franchisee must already operate at least two Checkers or Rally's restaurants under separate agreements with Checkers to qualify.
The addendum specifies that the franchisee must be in good standing with Checkers, complying with all effective agreements. The franchisee must also agree to open the franchised restaurant within one year of signing the Franchise Agreement to receive the $10,000 reduction. This addendum ensures that both parties agree to modify the original agreement to incorporate the incentive program's benefits and conditions.