What is the purpose of the Addendum to Development Agreement - Assign Lease for Jack In The Box?
Jack_In_The_Box Franchise · 2025 FDDAnswer from 2025 FDD Document
[OPTIONAL: To assist Developer in meeting the obligations under this Agreement, Company has identified a site that may be appropriate for development as a Jack in the Box restaurant and Company shall make such site available to Developer and Developer shall undertake acquisition and development of such site in accordance with the provisions of the attached Addendum, which shall supplement and control the parties' duties and obligations regarding acquisition and development thereof.]
Source: Item 23 — RECEIPT (FDD pages 94–634)
What This Means (2025 FDD)
According to the 2025 Jack In The Box Franchise Disclosure Document, the company may identify a potential development site to assist the developer in meeting their obligations under the Development Agreement. If Jack In The Box identifies a site, an addendum is attached to the Development Agreement. This addendum supplements and controls the duties and obligations of both parties regarding the acquisition and development of the identified site.
This addendum is optional and only applies if Jack In The Box finds a site they deem appropriate for a restaurant. It outlines the specific terms and conditions related to that particular site's acquisition and development. This ensures that both Jack In The Box and the developer are clear on their responsibilities for that specific location.
For a prospective Jack In The Box franchisee, this means that the standard development process might be altered if the company proactively suggests a location. The addendum would then become a crucial part of the Development Agreement, superseding any conflicting terms in the original agreement regarding that site. It is important to carefully review this addendum to understand the specific obligations and benefits tied to the site.