What is the 'Authorized Location' referring to in the context of a Circle K franchise agreement?

According to the 2025 Circle K Franchise Disclosure Document, the 'Authorized Location' refers to the specific physical premises where the franchisee is authorized to operate their Circle K store. This location is central to the franchise agreement, as it defines where the franchisee can conduct business using the Circle K brand and business system.

Several clauses in the franchise agreement refer back to the Authorized Location. For example, upon termination of the franchise agreement, the franchisee's release of claims against Circle K extends to matters relating to the Authorized Location. Furthermore, the franchisee agrees to indemnify Circle K against any liabilities arising from the operation of the Circle K store at the Authorized Location. This highlights the importance of the location in defining the scope of the franchisee's responsibilities and potential liabilities.

The Circle K Branding Agreement also refers to the 'Premises,' which appears synonymous with the Authorized Location, as the agreement governs the franchisee's rights to use Circle K branding at that specific site. Any assignment of the Branding Agreement is contingent upon the transfer of the Circle K convenience store located at the Premises, reinforcing the connection between the franchise, branding, and the physical location. Therefore, the 'Authorized Location' is the cornerstone of the entire franchise relationship, dictating where the franchisee can operate and defining many of their obligations and rights.