What agreements are included as exhibits in the Desi District Franchise Disclosure Document?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
rience as a franchisee in our system with any prospective franchisee. | |
FRANCHISE AGREEMENT
This Agreement is made between Desi District Franchise Group, LLC, a Delaware Limited Liability Company ("Desi District Franchise Group"), and Franchisee effective as of the date signed by Desi District Franchise Group (the "Effective Date").
Background Statement:
- A. Desi District Franchise Group and its affiliate Desi District, LLC, have created and own a system (the "System") for developing and operating a fast casual eatery serving Indian fusion food and may have an optional accompanied grocery market under one roof, offering a proprietary line of products within the market, under the trade name "Desi District".
- B. The System includes (1) methods, procedures, and standards for developing and operating a Desi District business, (2) plans, specifications, equipment, signage and trade dress for Desi District businesses, (3) particular products and services, (4) the Marks, (5) training programs, (6) business knowledge, (7) marketing plans and concepts, and (8) other mandatory or optional elements as determined by Desi District Franchise Group from time to time.
- C. The parties desire that Desi District Franchise Group license the Marks and the System to Franchisee for Franchisee to develop and operate a Desi District business on the terms and conditions of this Agreement.
ARTICLE 1. DEFINITIONS
- "Action" means any action, suit, proceeding, claim, demand, governmental investigation, governmental inquiry, judgment or appeal thereof, whether formal or informal.
- "Approved Vendor" means a supplier, vendor, or distributor of Inputs which has been approved by Desi District Franchise Group.
- "Business" means the Desi District business owned by Franchisee and operated under this Agreement.
- "Competitor" means any business which offers products or services the same or similar as the franchise brand.
- "Confidential Information" means all non-public information of or about the System, Desi District Franchise Group, and any Desi District business, including all methods for developing and operating the Business, and all non-public plans, data, financial information, processes, vendor pricing, supply systems, marketing systems, formulas, techniques, designs, layouts, operating procedures, customer data, information and know-how.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
Based on the 2024 Desi District Franchise Disclosure Document, several agreements are referenced and outlined within Item 22, which pertains to contracts. These agreements govern various aspects of the franchisor-franchisee relationship and the operation of a Desi District franchise. The Franchise Agreement itself is the primary agreement, detailing the core terms and conditions under which Desi District Franchise Group licenses its Marks and System to the franchisee for operating a Desi District business.
In addition to the Franchise Agreement, there are mentions of lease agreements, where franchisees may be required to submit proposed leases to Desi District for approval and ensure the lease term aligns with the Franchise Agreement. There are also references to other agreements between the franchisee and Desi District Franchise Group, such as those potentially involving a guarantor, who would be responsible for fulfilling the franchisee's obligations under the Franchise Agreement. These agreements collectively establish the legal and operational framework for the Desi District franchise.
Furthermore, the FDD emphasizes the importance of adhering to the terms outlined in these agreements and the Disclosure Document. Franchisees are required to acknowledge that no statements or promises outside of these documents are binding, ensuring that all expectations and obligations are clearly defined and agreed upon in writing. This helps protect both the franchisor and franchisee by providing a transparent and comprehensive understanding of their respective rights and responsibilities within the Desi District franchise system.