What is the franchisee referred to as in the Internet Advertising, Social Media, Software, and Telephone Listing Agreement for a Devon Creek franchise?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| THIS INTERNET ADVERTISING, SOCIAL MEDIA, SOFTWARE, AND TELEPHONE | |
|---|---|
| LISTING AGREEMENT (the "Agreement") is made and entered into this day of (the "Effective Date"), by and between Devon Creek Franchise Group, LLC, a North Carolina limited liability company with its principal place of business at 1000 Van Buren Avenue, Suite E, Indian Trail, NC | |
| 28079 (the "Franchisor"), and | , a(n) , with |
| its principal place of business located at | and |
| 's principal(s), | , an individual, residing at |
| , and | , an individual, residing at |
| ("Principal(s)"). | and Principal(s) shall be collectively referred to in |
| this Agreement as the "Franchisee". |
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, the franchisee is referred to as "Franchisee" in the Internet Advertising, Social Media, Software, and Telephone Listing Agreement. This agreement outlines the terms and conditions under which the franchisee can conduct internet-based advertising, maintain social media accounts, use software, and utilize telephone listings linked to the Devon Creek brand. The agreement is made between Devon Creek Franchise Group, LLC, as the Franchisor, and the franchisee, along with their principals.
This designation is important because it establishes the legal identity of the franchisee within the context of the agreement. All rights and obligations outlined in the agreement apply directly to the entity identified as the "Franchisee." This includes stipulations regarding the use of domain names, social media accounts, website hyperlinks, software, telephone numbers, and directory listings related to the Devon Creek business.
Prospective franchisees should carefully review this agreement to understand their rights and responsibilities related to online advertising and social media. The agreement also specifies that the franchisor would not enter into the Franchise Agreement without the franchisee's agreement to comply with all the terms and provisions of the Internet Advertising, Social Media, Software, and Telephone Listing Agreement.