For Christian Brothers Automotive, what is the significance of including the franchisee's name in Schedule D.1?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchise Agreement (Ver 04-14-2025) | |
|---|---|
| Franchisee: | |
| Franchisor: Christian Brothers Automotive Corporation | |
| Property: | F-1 |
Source: Item 22 — CONTRACTS (FDD page 76)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the inclusion of the franchisee's name in the Franchise Agreement is a standard practice to clearly identify the parties involved in the contractual agreement. The Franchise Agreement specifies the franchisee and Christian Brothers Automotive Corporation as the franchisor, solidifying the legal relationship between them. This is reflected in various exhibits and amendments to the agreement, where the franchisee's name is explicitly mentioned alongside Christian Brothers Automotive.
Specifically, the franchisee's name is included in the context of amendments to the Disclosure Document and Franchise Agreement for states like New York, Virginia, and Minnesota. These amendments highlight that the agreement is between Christian Brothers Automotive and the franchisee, with modifications to comply with specific state laws. This ensures that the franchisee is legally recognized and bound by the terms of the agreement, as well as any state-specific modifications.
Furthermore, the franchisee's name appears in the Receipt and Acknowledgement Letter Agreement, which documents the understanding between the franchisee and Christian Brothers Automotive during the process of becoming a franchisee. This agreement outlines the franchisee's commitment to execute the Franchise Agreement and acknowledges the non-refundable portion ($13,500) of the down payment ($85,000) for administrative expenses and lost opportunities incurred by Christian Brothers Automotive. Therefore, the franchisee's name is essential for identifying the involved party and ensuring the enforceability of the agreement.