Who are the parties involved in the Amended and Restated Attachment A for a Cost Cutters Family Hair Salon?
Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDDAnswer from 2024 FDD Document
WHEREAS, The parties hereto acknowledge and agree that Tenant is a party to a "Cost Cutters" hair salon franchise agreement (the "Franchise Agreement") with The Barbers, Hairstyling for Men & Women, Inc., a Minnesota corporation with its principal place of business at 3701 Wayzata Boulevard, Suite 500, Minneapolis, Minnesota 55416 (the "Franchisor"). Pursuant to the Franchise Agreement, Tenant agreed to cause the provisions contained in this Addendum to be made a part of the lease agreement between Tenant and Landlord, a copy of which is attached hereto and incorporated herein by reference (the "Lease").
WHEREAS, In order to induce Tenant to enter into the Lease, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant hereby agree to the following additional terms and provisions of the Lease, and further agree that, to the extent that the terms and provisions of the Lease conflict with the terms and provisions of this Addendum, the terms and provisions of this Addendum shall control:
Source: Item 23 — RECEIPT (FDD pages 76–439)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, the parties involved in the Amended and Restated Attachment A for a Cost Cutters Family Hair Salon are the Tenant, Landlord, and the Franchisor, The Barbers, Hairstyling for Men & Women, Inc.
The document states that the Tenant acknowledges a franchise agreement with The Barbers, Hairstyling for Men & Women, Inc., which is the Franchisor. The Tenant agrees to incorporate the provisions of the addendum into the lease agreement with the Landlord.
The Landlord and Tenant agree to additional terms and provisions in the lease, and in case of conflicts between the lease and the addendum, the addendum's terms will prevail. This agreement is made with consideration acknowledged by both the Landlord and the Tenant.