Where can I find the specific provisions of the Fat Shack Franchise Agreement mentioned in Item 17?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
This table lists certain important provisions of the Franchise Agreement and related agreements. You should read these provisions in the exhibits attached to this Disclosure Document.
THE FRANCHISE RELATIONSHIP
| Provision | Section in Franchise or | Summary | |
|---|---|---|---|
| Other Agreement | |||
| a. Length of the franchise term | Section 18.1 of Franchise Agreement (“FA”); Article 4 of Development Agreement (“DA”) | 7 years for the Franchise Agreement. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 43–46)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, Item 17 provides a table that summarizes important provisions of the Franchise Agreement and related agreements. The table includes the specific section of the Franchise Agreement or other agreement where each provision is detailed. For example, the length of the franchise term is found in Section 18.1 of the Franchise Agreement, while conditions for Fat Shack's approval of a transfer are detailed in Section 17.2 of the Franchise Agreement and Sections 5.3 and 5.4 of the Development Agreement.
Item 17 explicitly states that prospective franchisees should read these provisions in the exhibits attached to the Disclosure Document. This means the full legal text of each clause can be found in the actual Franchise Agreement and related documents included as attachments to the FDD. The summary in Item 17 is only a high-level overview.
It is important to note that certain states have statutes that may supersede the Franchise Agreement, particularly in areas of termination and renewal. These state-specific exceptions are detailed in the State Addenda, which is included as Attachment L to the Franchise Disclosure Document. Therefore, franchisees need to review both the Franchise Agreement itself and the State Addenda to fully understand their rights and obligations.