Who is considered the 'Developer' in the context of the Cinnaholic Development Agreement?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| In consideration | of, | and as | an | inducement to, | the execution | by | CINNAHOLIC | FRANCHISING, | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LLC | ("Franchisor") | of | that | certain | CINNAHOLIC | FRANCHISING, | LLC | Market | Development | ||||
| Agreement, | dated | , | 20 | (as the same | from time to | time may | be | amended or | modified, | the | |||
| "Development | Agreement"), | by | and | between | ("Developer") | and | |||||||
| Franchisor, |
Source: Item 22 — CONTRACTS (FDD pages 61–62)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the 'Developer' is defined within the context of the Cinnaholic Franchising, LLC Market Development Agreement. The agreement is dated for the year 20, and is between Cinnaholic Franchising, LLC, referred to as 'Franchisor,' and the 'Developer'.
This definition is important because it clarifies the parties involved in the Development Agreement. The agreement outlines the terms, conditions, and obligations for both Cinnaholic as the franchisor and the Developer, who is undertaking the responsibility of developing a market for Cinnaholic franchises.
Furthermore, the document states that the undersigned guarantees that the Developer will fulfill every condition and covenant outlined in the Development Agreement. This highlights the legal and financial responsibilities the Developer assumes under the agreement with Cinnaholic.