What two parties enter into the City Wide addendum?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
|---------------------------------|---------------------------------------------| | JS Appointment | $40 | 5% | | | - | one | | | per | month | | | appointment | revenue | | JS Appointments greater than 10 per month | $50 bonus – One Time | N/A | | OS Appointment | $40 - per appointment | 3% of revenue | | OS Appointments greater than 10 per month | $50 bonus – One Time | N/A | | Sale | N/A | Additional | | of | | 2% | | account | | one | | over | | month | | $10,000 | | revenue | | IC Appointment | $40 - per appointment | N/A |
ATTACHMENT L TO THE FRANCHISE AGREEMENT ACCOUNTING SERVICES AGREEMENT
ATTACHMENT L TO
FRANCHISE AGREEMENT
CITY WIDE FRANCHISE COMPANY, INC.
FRANCHISE ACCOUNTING SERVICES AGREEMENT
| This | Franchise Accounting Services Agreement ("Agreement") dated is | |
|---|---|---|
| entered into by and between by and between City Wide Franchise Company, Inc. ("City Wide") and | ||
| ("Franchisee") | or | |
| (City | ||
| Wide | ||
| and | ||
| Franchisee, | ||
| collectively | ||
| "Parties" | ||
| individually "Party"). | ||
| RECITALS | ||
| A. |
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to the 2025 City Wide Franchise Disclosure Document, City Wide enters into various addenda with its franchisees. Specifically, the Franchise Accounting Services Agreement addendum is between City Wide Franchise Company, Inc. and the Franchisee. Similarly, the IT Services Agreement is made and entered into by and between City Wide Franchise Company, Inc. and the Franchisee. Also, City Wide and Franchisee enter into a Non-Compete Agreement.
These agreements outline the specific terms and conditions related to the services provided or the obligations undertaken by each party. For instance, the Franchise Accounting Services Agreement details the accounting services City Wide will provide to the franchisee, while the IT Services Agreement covers the IT support and services. The Non-Compete Agreement outlines the obligations of the franchisee regarding competition with City Wide during and after the franchise term.
As a prospective City Wide franchisee, it's crucial to carefully review each addendum to understand your rights, responsibilities, and the specific services or obligations involved. Understanding these agreements is essential for a successful and compliant franchise operation. Franchisees should pay close attention to the term, termination conditions, pricing, and any indemnification clauses within these addenda.