Who is the Fast Fix Jewelry And Watch Repairs agreement binding upon?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
| of, 20 between Jewelry Repair Enterprises, Inc., a Pennsylvania corporation, with its principal | ||
|---|---|---|
| place of business at 6413 Congress Avenue, Suite 240, Boca Raton, Florida 33487 ("Franchisor," "we," "us" or | ||
| "our") and, a(n){corporation, limited liability company}, whose current | ||
| principal place of business is ("Franchisee," "you" or "your"). You | ||
| and we are sometimes referred to collectively as the "parties" or individually as a "party." |
Source: Item 22 — CONTRACTS (FDD page 37)
What This Means (2025 FDD)
According to the 2025 Fast Fix Jewelry And Watch Repairs Franchise Disclosure Document, the franchise agreement is made as of a specific date between Jewelry Repair Enterprises, Inc., identified as the Franchisor, and the franchisee, specified as either a corporation or limited liability company. The agreement refers to both parties collectively as 'the parties' or individually as a 'party,' indicating that the agreement legally binds both the Franchisor and the Franchisee.
This means that both Fast Fix Jewelry And Watch Repairs as the franchisor and the individual or entity becoming a franchisee are legally obligated to adhere to the terms and conditions outlined in the Franchise Agreement. The agreement details the franchisee's plan to own and operate a franchised jewelry and watch repair business from a kiosk or in-line store, referred to as the 'Service Center.'
By entering into this agreement, the franchisee gains the right to use Fast Fix Jewelry And Watch Repairs's proprietary knowledge, systems, trademarks, and other intellectual property to operate their franchised business. Conversely, Fast Fix Jewelry And Watch Repairs is obligated to provide the support, training, and resources necessary for the franchisee to establish and run the business according to the standards of the franchise system. The agreement ensures that both parties have a clear understanding of their rights and responsibilities, fostering a structured business relationship.