In the Fat Shack Franchise Agreement, what does 'FSI' refer to?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT (the "Agreement") is made as of the effective date set forth above between FAT SHACK INC., a Delaware corporation, located at 420 East 58th Avenue, Suite 128B, Denver, Colorado 80216 ("FSI") and the undersigned franchisee ("Franchisee"), who, on the basis of the following understanding, and in consideration of the following promises, agree as follows:
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to the 2025 Fat Shack Franchise Disclosure Document, 'FSI' refers to FAT SHACK INC., the franchisor. This is clarified in the introductory section of the franchise agreement, which identifies "FAT SHACK INC., a Delaware corporation, located at 420 East 58th Avenue, Suite 128B, Denver, Colorado 80216 ('FSI')" as one of the parties in the agreement.
This definition is crucial for understanding the document because FSI, as the franchisor, is the entity granting the franchise rights and setting the terms and conditions under which a franchisee will operate a Fat Shack restaurant. The agreement outlines the rights, responsibilities, and obligations of both the franchisee and FSI.
For a prospective franchisee, knowing that FSI refers to Fat Shack Inc. is essential for correctly interpreting the agreement and understanding who they are contracting with. Any mention of FSI throughout the document refers directly to the franchisor and its associated rights and obligations.