What exhibit contains the form of Area Development Agreement for Itan?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
If you satisfy our criteria for multi-unit developers, we may (but need not) offer you the right to sign the form of Area Development Agreement attached to this Disclosure Document as EXHIBIT "D" (the "ADA"). The ADA grants you the right and obligation to develop, open and operate multiple Salons within a defined "development territory" according to a predetermined "development schedule". You must commit to develop, open and operate a minimum of 3 Salons in order to sign an ADA. You must develop, open and operate all of the Salons identified in the development schedule. You must sign a separate franchise agreement for each Salon you develop. Each franchise agreement will be our then-current form of franchise agreement, which may be different than the form of Franchise Agreement attached to this Disclosure Document.
Source: Item 1 — FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–9)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the form of Area Development Agreement is attached as EXHIBIT "D". This agreement, referred to as the ADA, grants developers the right and obligation to develop, open, and operate multiple Itan salons within a defined territory, following a predetermined development schedule.
To qualify for an Area Development Agreement with Itan, a developer must meet specific criteria and commit to opening and operating a minimum of three salons. The agreement mandates adherence to the development schedule, requiring the developer to open all salons outlined in the schedule.
For each salon developed under the Area Development Agreement, the developer must sign a separate franchise agreement. It's important to note that these individual franchise agreements will be Itan's current form at the time of signing, which may differ from the franchise agreement included in the Franchise Disclosure Document.