What is the definition of 'Franchise Agreement' in the context of the Eos Worldwide release?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FRANCHISE AGREEMENT (this "Agreement"), between EOS Worldwide Franchising, LLC, a Delaware limited liability company ("we," "us", "our", or "Franchisor"), and ("you", "your", or "Franchisee
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the Franchise Agreement is defined as the agreement between EOS Worldwide Franchising, LLC, referred to as "we," "us," or "our" (the Franchisor), and the franchisee, referred to as "you" or "your." The agreement becomes effective on the date it is signed by Eos Worldwide.
The agreement is not considered effective until it has been countersigned by Eos Worldwide and delivered to the franchisee. Furthermore, the franchisee must have paid the Initial Franchise Fee and the Boot Camp Fee, as detailed in the agreement, for it to be considered in effect.
This definition clarifies the parties involved, the conditions for the agreement to take effect, and highlights the importance of both parties' signatures and the payment of specified fees. Prospective franchisees should carefully review the sections detailing the Initial Franchise Fee and Boot Camp Fee to fully understand their financial obligations before the agreement becomes binding.