What is the definition of 'Franchisor' in the context of the Face Foundrie Lease Rider?

According to Face Foundrie's 2025 Franchise Disclosure Document, within the context of the Lease Rider, 'Franchisor' refers to Face Foundrié Franchising L.L.C. The Lease Rider is incorporated into the lease agreement for the premises where the Face Foundrie Facial Bar will operate. This rider outlines specific rights and responsibilities of the landlord, tenant (the franchisee), and Face Foundrie Franchising L.L.C. as the franchisor.

The Lease Rider includes provisions that directly involve Face Foundrie, such as the landlord's acknowledgment of the tenant's franchise agreement with Face Foundrie Franchising L.L.C. and consent to the collateral assignment of the lease to the franchisor. This collateral assignment secures the franchisee's obligations to Face Foundrie under the Franchise Agreement. The landlord also agrees to allow Face Foundrie or its designee to enter the premises under certain conditions, such as managing operations on the tenant's behalf or removing Face Foundrie's signage and trademarks upon termination of the lease or franchise agreement.

Furthermore, the Lease Rider stipulates that the lease cannot be terminated, modified, or amended without Face Foundrie's prior written consent, ensuring that Face Foundrie maintains a level of control over the leased premises. This is a common practice in franchising to protect the brand's interests and ensure consistent operations across all locations. The franchisor's rights as a third-party beneficiary also allow it to enforce the lease terms, providing additional security for its investment and brand standards. These measures collectively ensure that Face Foundrie has certain protections and rights related to the physical location of the franchised business.