What is the purpose of the Veterans Program Addendum to the Chicken Guy Restaurant Franchise Agreement?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
payment of the obligations under the Agreement and under this Guarantee may be applied in any manner or order deemed appropriate by Chicken Guy.
If Chicken Guy brings an action to enforce this Guarantee, the prevailing party in such proceeding shall be entitled to reimbursement of its costs and expenses, including, but not limited to, reasonable accountants', attorneys', attorneys' assistants' and expert witness fees, cost of investigation and proof of facts, arbitration or court costs, other arbitration or litigation expenses and travel and living expenses, whether incurred during, prior to, in preparation for or in contemplation of the filing of any such proceeding. In any judicial proceeding, these costs and expenses shall be determined by the court and not by a jury.
If Chicken Guy utilizes legal counsel (including in-house counsel employed by Chicken Guy or its affiliates) in connection with any failure by the undersigned to comply with this Guarantee, the undersigned shall reimburse Chicken Guy for any of the above-listed costs and expenses incurred by it.
This Guarantee shall inure to the benefit of and be binding upon the parties and their respective heirs, legal representatives, successors and assigns. Chicken Guy's interests in and rights under this Guarantee are freely assignable, in whole or in part, by Chicken Guy. Any assignment shall not release the undersigned from this Guarantee.
Section 31 (Disputes) of the Agreement is incorporated by reference into this Guarantee and all capitalized terms that are not defined in this Guarantee shall have the meaning given them in the Agreement.
IN WITNESS WHEREOF, each of the undersigned has hereunto affixed his signature, under seal.
GUARANTORS:
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EXHIBIT I
VETERANS ADDENDUM TO THE FRANCHISE AGREEMENT
VETERANS PROGRAM ADDENDUM TO THE CHICKEN GUY! RESTAURANT FRANCHISE AGREEMENT
| This Veterans Addendum to the Chicken Guy! Restaurant Franchise Agreement dated ("Franchise Agreement") between Chicken Guy (Franchisor), LLC ("Chicken Guy"), |
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| a Florida limited liability company, and ("Franchisee"), a, is |
| entered into as of the day of, 20 |
| RECITALS |
| In order t |
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the Veterans Program Addendum to the Chicken Guy Restaurant Franchise Agreement is designed to recognize the contributions of United States military personnel, attract new franchisees, and encourage the development of franchised Chicken Guy restaurants. Chicken Guy has implemented this veterans incentive program for qualified veteran franchisees who develop and open new Chicken Guy Restaurants.
To qualify for the Veterans Program, the franchisee (or a holder of at least 51% ownership in the franchisee entity) must be a veteran and provide Chicken Guy with a DD Form 214 or other adequate documentation demonstrating honorable discharge from the United States military. Additionally, the franchisee must not currently operate any Chicken Guy restaurants. If the franchisee meets these criteria and their restaurant development aligns with the Veterans Program, Chicken Guy and the franchisee enter into the Addendum to provide Veterans Program benefits and modify certain provisions of the Franchise Agreement.
The Veterans Program Addendum modifies the standard Franchise Agreement to provide specific benefits to veteran franchisees. One key benefit is a reduction in the initial franchise fee. Specifically, the franchisee receives a $5,000 discount, reducing the initial franchise fee to $45,000. However, this benefit comes with a condition: if the franchisee transfers the restaurant or Chicken Guy terminates the Franchise Agreement before the first anniversary of the restaurant's opening date, the franchisee must repay the waived $5,000 to Chicken Guy. This condition incentivizes the franchisee to maintain and operate the restaurant for at least one year to fully realize the benefit of the Veterans Program.