What page of the Deck Medic Franchise Agreement can I find information on the Grant of Franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Deck Medic Business designs, images, marketing materials, packaging, branding and/or branding images which Franchisor authorizes and requires Franchisee to use in connection with the operation of the Franchised Business and as may be revised and further developed by Franchisor from time to time.
"Training Program" shall have the meaning defined and set forth in Article 4.A. of this Agreement.
"Transfer" refers to and means and shall include, without limitation, the following, whether voluntary or involuntary, conditional or unconditional, and/or direct or indirect: (a) an assignment, sale, gift, transfer, pledge or sub-franchise; (b) the grant of a mortgage, charge, lien or security interest, including, without limitation, the grant of a collateral assignment; (c) a merger, consolidation, exchange of shares or other ownership interests, issuance of additional ownership interests or securities representing or potentially representing ownership interests, or redemption of ownership interests; (d) a sale or exchange of voting interests or securities convertible to voting interests, or an agreement granting the right to exercise or control the exercise of the voting rights of any holder of ownership interests or to control the operations or affairs of Franchisee; and/or (e) the legal and/or equitable transfer and/or sale of an Owners interests and/or voting rights in Franchisee.
"Transfer Fee" shall have the meaning defined in Article 14.C.(11) of this Agreement. The Transfer Fee is a fixed sum of an amount equal to $10,000.
ARTICLE 2 GRANT OF FRANCHISE
2.A. GRANT OF FRANCHISE
Franchisee has requested that Franchisor grant to Franchisee the non-exclusive license and right to develop, own and operate a Deck Medic Business within a specified territory. I
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Article 2.A of the Franchise Agreement outlines the Grant of Franchise. This section specifies that Deck Medic grants the franchisee a non-exclusive license to develop, own, and operate a Deck Medic business within a defined territory. This grant is contingent upon the representations made by the franchisee during the application process and adherence to the terms and conditions outlined in the Franchise Agreement.
This means that as a prospective Deck Medic franchisee, your right to operate under the Deck Medic brand is formally established in Article 2.A. It is important to understand that the license is non-exclusive, meaning Deck Medic could potentially grant another franchise in a nearby territory, although this is subject to the specific territory defined in your agreement. The grant is also dependent on the accuracy of the information you provided during your application, so ensuring transparency and honesty during the application process is critical.
Furthermore, the grant is subject to all other terms and conditions of the Franchise Agreement. This highlights the importance of carefully reviewing the entire agreement to fully understand your rights and obligations as a Deck Medic franchisee. This includes understanding the defined territory, performance expectations, and any limitations on your ability to operate the franchise.
In addition to Article 2.A, the FDD includes definitions of key terms related to the franchise agreement, such as "Franchisee's Operating Territory," which is defined as the "Operating Territory" set forth in the Franchise Agreement. Other relevant definitions include "Training Program," "Transfer," and "Transfer Fee," each referencing specific articles within the agreement. The Transfer Fee, for example, is defined in Article 14.C.(11) and is a fixed sum of $10,000.