factual
What is the name of the agreement that Cornwell Quality Tools and the dealer enter into?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS DEALER FRANCHISE AGREEMENT ("Agreement") made this day of |
|---|
| , 20, by and between THE CORNWELL QUALITY TOOLS |
| COMPANY of Wadsworth, Ohio ("Cornwell") and [Entity Name, if applicable] |
| and [First Individual |
| Name] of [Residence street address] |
| , [City], [State] |
| [Zip], and (if applicable) [Second Individual Name] |
| , his or her spouse or person in a similar |
| legal relationship, as individual owners of the franchised dealership if it is an entity and |
| in all events as active partners in the operation of the franchised dealership (individually |
| and/or collectively referred to as "Dealer"). |
Source: Item 23 — RECEIPT (FDD pages 101–373)
What This Means (2025 FDD)
According to Cornwell Quality Tools' 2025 Franchise Disclosure Document, the agreement between Cornwell Quality Tools and the dealer is called the "Dealer Franchise Agreement".
This agreement outlines the terms and conditions under which the dealer is authorized to operate a Cornwell Quality Tools franchise. It covers aspects such as the dealer's rights and responsibilities, Cornwell Quality Tools' obligations, and the overall framework for the franchise relationship.
Additionally, if the dealer is also a Franchise Developer, they enter into a "Franchise Developer Franchise Dealer Agreement". The terms of this agreement are incorporated into the Purchase Order, Note, and Security Agreement.
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.