factual

What is the name of the agreement governing the electronic point of sale system for a Circle K franchise?

Circle_K Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. "Electronic Point of Sale and Software Agreement" means the agreement set forth in Exhibit 2 attached hereto.

Source: Item 22 — CONTRACTS (FDD page 100)

What This Means (2025 FDD)

According to the 2025 Circle K Franchise Disclosure Document, the agreement governing the electronic point of sale system is called the "Electronic Point of Sale and Software Agreement." This agreement is detailed in Exhibit 2 of the franchise agreement.

Circle K franchisees must adhere to the standards and specifications set by Circle K for their electronic point-of-sale (EPOS) system and back-office computer systems. These systems may be modified by Circle K in response to changing business, operational, and marketing conditions. The franchisee is responsible for purchasing, installing, and maintaining these systems at their own expense.

It is important for prospective franchisees to carefully review Exhibit 2, the "Electronic Point of Sale and Software Agreement," to fully understand their obligations related to the EPOS system. This includes understanding the costs, maintenance responsibilities, and any potential modifications to the system required by Circle K during the franchise term.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.