Where is the 'Development Territory' defined in the Itan area development agreement?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Development Territory" means the geographic area described in Part D of ATTACHMENT "A".
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the 'Development Territory' is defined within Part D of ATTACHMENT "A" of the area development agreement. This territory represents the geographic area in which the area developer has the right and obligation to develop and open Itan salons, according to the development schedule.
The agreement specifies that if the boundaries of the Development Territory change during the term of the agreement, the boundaries in effect as of the effective date of the agreement will continue to define the Development Territory. This ensures that the developer's rights are protected even if external factors cause the territory's boundaries to shift.
Prospective Itan area developers should carefully review Part D of ATTACHMENT "A" to fully understand the geographic scope of their development rights and obligations. They should also inquire about any potential changes to the territory and how those changes might impact their development plans.