Does the Franchise Disclosure Document for Itan include an exhibit containing the Area Development Agreement?
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, there is an attachment related to the Area Development Agreement. Specifically, Attachment A to the Area Development Agreement outlines the deal terms. This attachment includes details such as the area developer's information, including whether the developer is an individual or an entity, and if an entity, the type and state of formation. It also requires disclosure of individuals holding equity interest in the development business.
Furthermore, Attachment A specifies the development fee, which is represented by a blank space where the amount should be entered. It also outlines the development schedule, referencing section 4 of the agreement, which details the minimum development obligations that the area developer must meet.
While the FDD includes an attachment related to the Area Development Agreement, it is important to note that this is only a portion of the agreement, focusing on deal terms. A prospective franchisee should carefully review the complete Area Development Agreement and its attachments to fully understand their obligations and the franchisor's expectations regarding development fees and schedules.