Under the Exit agreement, what is the definition of 'Approved Supplier'?

According to Exit's 2025 Franchise Disclosure Document, an Approved Supplier is defined as a supplier or vendor of goods and/or services that Exit has approved and that the franchisee is required or permitted to use in the operation of their franchise. These suppliers must also sign Exit's Approved Supplier Agreement or a Limited Supplier Agreement. This definition ensures that franchisees are using vendors that meet Exit's standards.

As an Exit franchisee, you are obligated to comply with the procedures and requirements regarding Approved Suppliers. The Training Manual outlines the standards by which Exit or its affiliate establishes Approved Suppliers, the types of products and services for which Approved Suppliers must be used, and the process for adding suppliers to the approved list.

This requirement allows Exit to maintain quality control and consistency across all franchise locations. While it may limit a franchisee's choice of vendors, it also provides the benefit of using suppliers that have already been vetted and approved by the franchisor. Prospective franchisees should review the Training Manual to understand the specific standards and procedures related to Approved Suppliers and how they may impact their business operations.