Does the Itan Area Development Agreement include an attachment outlining deal terms?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
thereof.
- 13.13.Notices. All notices and notifications given under this Agreement must be in writing and must be provided in accordance with the Notice Provision of the Initial Franchise Agreement.
- 13.14.Counterparts. This Agreement may be signed in multiple counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same document.
[Signature Page Follows]
The parties below have executed this Agreement effective as of the Effective Date first above written.
FRANCHISOR:
iTAN Franchising, Inc., a California corporation YOU (If you are an Entity): YOU (If you are not an Entity): , a(n)
ATTACHMENT "A"
TO AREA DEVELOPMENT AGREEMENT
DEAL TERMS
A. Area Developer Details Name of area developer: [] Is the area developer one or more natural Persons signing in their individual capacity? Yes: No: Type of Entity and State of Formation* (if applicable): [] * If the area developer is a business Entity, each Person holding a direct or indirect Equity Interest in the Developer Entity,
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the Area Development Agreement includes an attachment specifically designated as "Attachment A" which outlines the deal terms. This attachment is a key component of the agreement, providing a structured overview of the arrangement between Itan and the area developer.
Attachment A covers several critical aspects of the deal. It includes details about the area developer, such as their name, whether they are signing as an individual or an entity, and the type and state of formation if applicable. For business entities, the attachment requires disclosure of each person holding an equity interest in the developer entity, along with their equity percentage and the nature of their interest. Contact information, including the notice address and email, is also included.
Furthermore, Attachment A specifies the development fee that the area developer must pay. It also outlines the development schedule, detailing the minimum obligations for developing salons as per Section 4 of the Area Development Agreement. This attachment ensures that both Itan and the area developer have a clear, documented understanding of the financial and developmental commitments involved in the agreement.