What is the monetary consideration mentioned in the Churchs Chicken Sublease Agreement?

According to Churchs Chicken's 2025 Franchise Disclosure Document, the Sublease Agreement between Cajun Realty LLC (Sublessor) and the Sublessee involves a monetary consideration. Specifically, the agreement states that for and in consideration of ten dollars ($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the Sublessor and Sublessee agree to the terms of the sublease.

This means that, at a minimum, the Sublessee is paying $10 to the Sublessor as part of the agreement to sublease the property. The phrase "other good and valuable consideration" suggests that there are additional non-monetary benefits or exchanges that both parties recognize as contributing value to the agreement. This could include the Sublessee's commitment to operate a Churchs Texas Chicken restaurant on the premises, which would benefit the Sublessor by maintaining the brand's presence and potentially increasing the property's value.

For a prospective Churchs Chicken franchisee, this clause in the Sublease Agreement highlights the importance of understanding all aspects of the lease, not just the monetary payments. The "other good and valuable consideration" could have implications for the franchisee's obligations and responsibilities under the sublease. It is essential for the franchisee to clarify and fully understand these non-monetary considerations to ensure they are able to meet all requirements of the agreement.