factual

Does the Chocolate Fish Coffee Franchise Agreement include a Rider to Lease Agreement?

Chocolate_Fish_Coffee Franchise · 2024 FDD

Answer from 2024 FDD Document

Attachment 4 to Franchise Agreement

RIDER TO LEASE AGREEMENT

Source: Item 23 — RECEIPTS (FDD pages 41–119)

What This Means (2024 FDD)

According to the 2024 Chocolate Fish Coffee Franchise Disclosure Document, the Franchise Agreement includes a Rider to Lease Agreement as Attachment 4. This attachment outlines specific rights and responsibilities of Chocolate Fish Franchising, the landlord, and the tenant (franchisee) concerning the leased premises.

The Rider to Lease Agreement grants Chocolate Fish Franchising the right to enter the premises to remove its signs and trademarks upon the expiration or termination of the Franchise Agreement or the lease. However, Chocolate Fish Coffee is liable for any damages caused by such removal. Importantly, the Rider explicitly states that Chocolate Fish Franchising assumes no liability regarding the leased premises or any obligations as the tenant under the lease.

This arrangement protects Chocolate Fish Coffee's brand identity and ensures a smooth transition if a franchise agreement terminates. However, it also clarifies that the franchisee is solely responsible for fulfilling the lease terms and managing the leased property. Prospective franchisees should carefully review Attachment 4 with their legal counsel to fully understand their obligations and the franchisor's rights concerning the lease agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.