What agreement does the Expense Reduction Analysts FDD state the Franchisor and Franchisee have entered into?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT is made on the date specified in Section 1 of Exhibit 1 (the "Data Sheet")
BETWEEN Expense Reduction Analysts, Inc., a California corporation with its principal office in
16415 Addison Road, Suite 410, Addison, Texas 75001
("ERA", "Franchisor", "Us", "Our" or "We") also known as the ERA Group
AND The party or parties described in Section 2 of the Data Sheet
("Franchisee" or "You" or "Your")
AND The party or parties described in Section 3 of the Data Sheet
("Guarantor")
INTRODUCTION
- A. ERA Group (ERA) has developed a distinctive and unique system and structure for the establishment and operation of a cost reduction and supplier relationship management consultancy business that provides a variety of cost management services to clients.
- B. The Franchisor is the authorized Franchisor of the ERA System for the Area.
- C. You wish to obtain the advantages of operating under the ERA System as part of the ERA Network and at Your and the Guarantor's request and based on the Franchisee's and the Guarantor'srepresentations (including the representations in Section 1.5 below) the Franchisor agrees to grant You the rights and obligationsto operate an ERA Business in the Area using the ERA System, Trademarks, ERA Management Information System, ERA Technology & Tools, and other Intellectual property on the terms and conditions set out in this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the agreement made on the date specified in Section 1 of Exhibit 1, also known as the "Data Sheet", is between Expense Reduction Analysts, Inc., identified as the Franchisor, and the party or parties described in Section 2 of the Data Sheet, identified as the Franchisee. Additionally, the agreement includes the party or parties described in Section 3 of the Data Sheet, identified as the Guarantor.
The document outlines that Expense Reduction Analysts has developed a unique system for operating a cost reduction and supplier relationship management consultancy. The Franchisor is the authorized franchisor of the Expense Reduction Analysts system for the specified area. The Franchisee wishes to operate under the Expense Reduction Analysts system as part of the Expense Reduction Analysts Network.
Based on the Franchisee's and the Guarantor's request and representations, the Franchisor grants the Franchisee the rights and obligations to operate an Expense Reduction Analysts Business in the Area. This includes using the Expense Reduction Analysts System, Trademarks, ERA Management Information System, ERA Technology & Tools, and other Intellectual property, all under the terms and conditions detailed in the Regional Franchise Agreement.