factual

Under the Christian Brothers Automotive Transaction Fee Agreement, what is the property designation?

Christian_Brothers_Automotive Franchise · 2025 FDD

Answer from 2025 FDD Document

OLLOW.

Franchise Agreement (Ver 04-14-2025)
Franchisee:
Franchisor: Christian Brothers Automotive Corporation
Property: E-10

IN WITNESS WHEREOF, Assignor and Assignee have executed this Agreement by and through the duly authorized representatives, to be effective on the Effective Date.

ASSIGNEE:
By:
,
ASSIGNOR:
By:
,
EXECUTED FOR THE SOLE PURPOSE OF CONSENTING TO THE ASSIGNMENT
AND ASSUMPTION PURSUANT TO THE TERMS OF THIS AGREEMENT:
FRANCHISOR:
CHRISTIAN BROTHERS AUTOMOTIVE CORPORATION
By:
Don Carr, President

Exhibit B

Assignment and Assumption of Commercial Sub-Lease Agreement

[see attached]

Franchise Agreement (Ver 04-14-2025)
Franchisee:
Franchisor: Christian Brothers Automotive Corporation
Property: E-12

ASSIGNMENT AND ASSUMPTION OF COMMERCIAL SUB-LEASE AGREEMENT

THIS ASSIGNMENT AND ASSUMPTION OF COMMERCIAL SUB-LEASE AGREEMENT (this "Agreement") is made and entered into as of (the "Effective Date"), by and between, a formed in the State of ("Assignor") and, a formed in the State of ( "Assignee").

RECITALS:

WHEREAS, Assignor entered into that certain commercial sub-lease agreement dated __________ (the "Sub-Lease") with Christian Brothers Automotive Corporation ("CBAC"), as Lessor and Assignor, as Tenant (as those terms are defined in the Sub-Lease);

Source: Item 22 — CONTRACTS (FDD page 76)

What This Means (2025 FDD)

According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, the property designation within the Franchise Agreement is indicated on the signature page. Specifically, the agreement includes a line for 'Property' which is designated as 'E-14' on one signature page, 'E-15' on another, 'E-12' on another, 'E-13' on another, 'E-10' on another, and 'E-7' on yet another.

This designation likely refers to the specific location or territory granted to the franchisee under the agreement. The varying designations (E-14, E-15, E-12, E-13, E-10, and E-7) suggest that this identifier is unique to each franchise location. This is a standard practice in franchising to clearly define the franchisee's rights to a particular area and prevent overlap or conflicts between franchisees.

Prospective Christian Brothers Automotive franchisees should pay close attention to this property designation in their Franchise Agreement. It is essential to understand the exact territory or location they are being granted rights to, as this will directly impact their business operations and potential customer base. Franchisees should confirm that the designation accurately reflects the agreed-upon location and that there are no discrepancies or ambiguities that could lead to future disputes with the franchisor or other franchisees.

It is important to note that the FDD excerpts provide multiple examples of the property designation, each with a different value. This could indicate that the designation is specific to each individual franchise agreement and location. Therefore, franchisees should carefully review their own agreement to ensure they understand the property designation that applies to their specific franchise.

Disclaimer: This information is extracted from the 2025 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.