What is the entity name of the franchisor, Desi District, in the Franchise Agreement?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
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").
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the Franchise Agreement is made between the franchisee and "Desi District Franchise Group, LLC, a Delaware Limited Liability Company" which is referred to as "Desi District Franchise Group" in the agreement.
This means that the legal entity you will be contracting with when you sign the Franchise Agreement is Desi District Franchise Group, LLC, a Delaware Limited Liability Company. It is important to note the legal distinction of the franchisor as a limited liability company, as this structure can offer some protection of personal assets in the event of legal or financial issues, although franchisees should consult with their own legal and financial advisors.
Prospective franchisees should be aware that Desi District Franchise Group, LLC, as the franchisor, is the entity responsible for upholding the obligations and providing the support outlined in the Franchise Agreement. Understanding the franchisor's legal structure and state of incorporation (Delaware in this case) can be a crucial part of the due diligence process.