What does the term 'Site' refer to in the Hyper Kidz franchise agreement?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
- 2.1.10 "Site" The location identified on Attachment 3 to this Agreement.
As used herein the term "Site" also refers to the interior and exterior of the structure housing the Hyper Kidz Business.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the term 'Site' is defined within the franchise agreement. The 'Site' refers to the specific location identified on Attachment 3 of the Franchise Agreement. This location is where the Hyper Kidz Business will operate.
Furthermore, the definition of 'Site' extends beyond just the address. It also encompasses the interior and exterior of the physical structure that houses the Hyper Kidz Business. This means that the franchisee's rights and obligations under the agreement pertain not only to the specific address but also to the building itself.
This definition is important for franchisees because it clarifies the scope of their franchise rights and responsibilities. It specifies the physical space where they are authorized to operate the Hyper Kidz Business and where the terms of the franchise agreement apply. Attachment 3 of the agreement will contain the specific address of the approved location.