Does the Cinnabon Franchise Agreement include a schedule specifically addressing personal covenants?
Cinnabon Franchise · 2025 FDDAnswer from 2025 FDD Document
The following contracts and related documents are attached to this Disclosure Document:
EXHIBIT B CINNABON FRANCHISE AGREEMENT AND RELATED AGREEMENTS:
Schedule A - Franchise Specific Terms
Schedule B - Personal Covenants
Schedule C - Guaranty of Payment and Performance Schedule D - State Law Addendum (If Required)
Schedule E - Multi-Unit Addendum
Source: Item 22 — Contracts (FDD pages 113–114)
What This Means (2025 FDD)
According to the 2025 Cinnabon Franchise Disclosure Document, the Cinnabon Franchise Agreement does include a schedule specifically addressing personal covenants.
Specifically, Exhibit B of the FDD lists the Cinnabon Franchise Agreement and related agreements, which includes "Schedule B - Personal Covenants." This schedule outlines the obligations of individuals with an equity interest in the franchisee.
Schedule B requires all persons having an equity interest in the franchisee to sign, agreeing that they have read and understood their obligations under the Franchise Agreement and will be personally bound by the restrictive covenants outlined in Section 15 of the Franchise Agreement. This ensures that all owners are individually responsible for upholding the confidentiality and non-compete terms, protecting Cinnabon's interests. All owners must also sign a Guaranty of Payment and Performance, as detailed in Schedule C to the Franchise Agreement.