Who is the franchisor for the Devon Creek franchise agreement?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| THIS FRANCHISE AGREEMENT (this "Agreement") is being 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 (herein | ||
| "Franchisor"), and | , a(n) | , with |
| its principal place of business located at | , and | |
| 's principals, | , 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 the 2024 Devon Creek Franchise Disclosure Document, the franchisor is Devon Creek Franchise Group, LLC, a North Carolina limited liability company. This entity grants franchisees the right to use Devon Creek trademarks and the established system for operating a Devon Creek outlet.
Devon Creek Franchise Group, LLC is responsible for providing specialized training, trade secrets, and confidential information necessary for franchisees to operate their internet-based advertising, social media, software, and telephone listings linked to the Devon Creek brand. The Franchise Agreement specifies that Devon Creek Franchise Group, LLC would not enter into the agreement without the franchisee's commitment to comply with all terms and provisions outlined in the agreement.
Furthermore, the Franchise Agreement outlines that upon termination of the agreement, franchisees must execute a general release of all claims against Devon Creek Franchise Group, LLC, its parent, subsidiaries, affiliates, officers, directors, shareholders, agents, and employees. This release covers all claims arising under any federal, state, or local law, rule, or ordinance, ensuring that Devon Creek Franchise Group, LLC is protected from potential legal liabilities after the franchise agreement concludes.