Does the Dq Treat disclosure document include a sample Operating Agreement?

Yes, the 2025 Dq Treat Franchise Disclosure Document includes a sample operating agreement. Item 1 of the FDD states that the single-unit Dq Treat franchise is a license to operate a single Dq Treat store at an authorized location under the terms of the operating agreement, which is included in the disclosure document as Exhibit B.

The operating agreement outlines the terms and conditions of the franchise relationship between American Dairy Queen Corporation and the franchisee. It covers various aspects such as the grant of license, pre-opening requirements, and limitations of the license. The agreement specifies that the franchisee has the right to operate one restaurant at the authorized location and must comply with Dq Treat's system standards and the terms of the agreement.

Several addenda to the Dq Treat Operating Agreement are also mentioned, including a Renewal Addendum for franchisees renewing their agreement and Conversion Addenda for existing soft-serve only or non-system food operators converting to a Dq Treat franchise. These addenda suggest that the operating agreement can be modified or supplemented based on specific circumstances, such as renewal or conversion of an existing business.