What are the two parties entering 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. | City Wide and Franchisee are parties to that certain Franchise Agreement dated | a |
| ("Franchise | ||
| Agreement"), pursuant | ||
| to | ||
| which | ||
| Franchisee | ||
| is | ||
| granted | ||
| the | ||
| right | ||
| to | ||
| operate | ||
| City | Wide franchise in the Designated Territory, as defined in the Franchise Agreement ("Franchised | |
| Business"). | ||
| B. |
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to the 2025 City Wide Franchise Disclosure Document, the addendums are between City Wide Franchise Company, Inc. ("City Wide") and the ("Franchisee"). This is a standard agreement structure in franchising, where the franchisor (City Wide) and the franchisee are the two primary parties bound by the terms and conditions outlined in the franchise agreement and its addendums.
Several addenda are listed in the Item 22 Exhibits, including the Business Development Center Agreement, the Franchise Accounting Services Agreement, the IT Services Agreement, and a Non-Compete Agreement. Each of these agreements are between City Wide and the Franchisee. These addenda cover various aspects of the franchise relationship, such as business development support, accounting services, IT services, and non-competition obligations.
Prospective franchisees should carefully review each addendum to understand their rights, responsibilities, and obligations under the franchise agreement. Understanding the specific terms of each addendum is crucial for a successful franchise operation and to ensure compliance with City Wide's standards and requirements.