What exhibits are included in the Desi District disclosure document dated June 17th, 2024?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
I received a disclosure document dated 6/17/2024, that included the following Exhibits:
- A. State Administrators and Agents for Service of Process
- B. Franchise Agreement (with Guaranty and Non-Compete Agreement)
- C. Multi-Unit Development Agreement
- D. Rider to Lease Agreement
- E. Form of General Release
- F. Financial Statements
- G. Brand Standards Manual Table of Contents
- H. Current and Former Franchisees
- I. State Addenda to Disclosure Document
- J. State Addenda to Agreements
Source: Item 23 — RECEIPTS (FDD pages 52–140)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the disclosure document dated June 17th, 2024 includes several exhibits that provide additional information and legal context for prospective franchisees. These exhibits cover a range of topics, from state-specific regulations to the franchise agreement itself.
Specifically, Exhibit A lists the State Administrators and Agents for Service of Process, which is crucial for understanding where to direct legal or official correspondence. Exhibit B contains the Franchise Agreement, along with the Guaranty and Non-Compete Agreement, which outlines the contractual obligations and restrictions for the franchisee. Exhibit C includes the Multi-Unit Development Agreement, relevant for those planning to open multiple Desi District locations. Exhibit D provides a Rider to Lease Agreement, which may contain specific terms or conditions related to leasing a location for the franchise.
Further, Exhibit E presents the Form of General Release, a document that may be required in certain circumstances such as franchise renewal or sale. Exhibit F contains the Financial Statements of Desi District, offering insights into the company's financial health. Exhibit G provides the Brand Standards Manual Table of Contents, giving an overview of the operational guidelines and brand requirements. Exhibit H lists the Current and Former Franchisees, allowing prospective franchisees to contact them for feedback and insights. Finally, Exhibits I and J include State Addenda to the Disclosure Document and Agreements, respectively, addressing state-specific legal requirements and modifications to the standard franchise terms.
These exhibits collectively offer a comprehensive view of the legal, operational, and financial aspects of investing in a Desi District franchise, and are intended to help prospective franchisees make informed decisions.