According to the Cinnabon franchise agreement, what is the definition of 'Franchise Agreement'?

According to the 2025 Cinnabon Franchise Disclosure Document, the Franchise Agreement is defined in several contexts. In one instance, it refers to the agreement between Cinnabon Franchisor SPV LLC and the franchisee, establishing the terms for operating the franchised business. Another excerpt refers to amending the Franchise Agreement to allow operation of a satellite retail unit. The Franchise Agreement grants the franchisee a non-exclusive license to operate a Cinnabon business using Cinnabon's trademarks and system. The agreement specifies the location of the franchised business, which is either at an accepted location or within a designated site selection area. If approved, a franchisee may operate a satellite retail unit (SRU) as part of the franchised business.

These excerpts from the Cinnabon FDD highlight the importance of the Franchise Agreement in defining the relationship between Cinnabon and its franchisees. It outlines the rights and responsibilities of both parties, including the scope of the franchise, the location of the business, and the use of Cinnabon's intellectual property. The agreement also addresses potential amendments, such as those related to operating satellite retail units, which could impact the franchisee's operations and revenue.

Prospective Cinnabon franchisees should carefully review the Franchise Agreement and related documents to fully understand their obligations and the terms of the franchise. This includes understanding the initial grant of the franchise, any amendments that may be made, and the conditions under which they can operate their Cinnabon business. Understanding these details is crucial for making an informed decision about investing in a Cinnabon franchise.