What is the full legal name of the franchising entity for Desi District, as stated in the amendment?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Rider amends the Franchise and Multi-Unit Development Agreement dated | ||||||||
|---|---|---|---|---|---|---|---|---|
| (the "Agreement"), between Desi District Franchise Group, LLC, a | ||||||||
| Delaware | Limited | Liability | Company , a ("Franchisee"). | ("Desi | District | Franchise | Group") | and |
Source: Item 23 — RECEIPTS (FDD pages 52–140)
What This Means (2024 FDD)
According to the 2024 FDD, the New York Rider to the Franchise and Multi-Unit Development Agreement states that the agreement is between "Desi District Franchise Group, LLC, a Delaware Limited Liability Company" and the franchisee. This indicates that Desi District Franchise Group, LLC is the full legal name of the franchising entity.
This information is crucial for prospective franchisees as it clarifies the exact legal entity they will be contracting with. Knowing the full legal name, including the entity type (Limited Liability Company) and state of formation (Delaware), is essential for legal and business purposes. This ensures that all agreements and legal documents are correctly executed, and it provides clarity on the legal structure of the Desi District franchise system.
It is important for potential franchisees to verify this information independently through legal counsel and state records to ensure accuracy and to fully understand the implications of contracting with a Delaware-based LLC. This due diligence is a standard practice when entering into any franchise agreement.