Who does 'we,' 'us,' and 'our' refer to in the Rhode Island Rider to the Multi-Unit Development Agreement for Cinch I.T.?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
THIS RIDER (this "Rider") is made and entered into by and between CINCH FRANCHISE, LLC, a Massachusetts limited liability company with its principal place of business at 27 West Mountain Street, Worcester, Massachusetts 01606 ("CINCH I.T."), and the person(s) or entity identified as the developer ("Developer") with its principal place of business as set forth on Multi-Unit Development Agreement. In this Rider, "we," "us," and "our" refers to CINCH I.T.. "You" and "your" refers to Developer.
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the terms 'we,' 'us,' and 'our' in the Rhode Island Rider to the Multi-Unit Development Agreement refer to Cinch Franchise, LLC. The rider is an agreement between Cinch Franchise, LLC, identified as 'CINCH I.T.' in the document, and the developer. The document specifies that 'you' and 'your' refer to the developer in this context.
This clarification is important for a prospective multi-unit developer in Rhode Island as it clearly defines the parties involved in the agreement and their respective obligations. Understanding which entity 'we,' 'us,' and 'our' refers to is crucial for interpreting the terms and conditions outlined in the rider and the Multi-Unit Development Agreement itself. This ensures that the developer understands Cinch I.T.'s responsibilities and rights under the agreement.
It is common practice in franchise agreements to define the terms used to refer to the franchisor and franchisee to avoid ambiguity and ensure clarity in the contractual relationship. This definition helps in the proper interpretation of the agreement and avoids potential disputes arising from unclear language. The Rhode Island Rider specifically includes this definition to align with state-specific requirements and ensure that the agreement is enforceable within Rhode Island.