What agreements should I read to understand the franchise relationship with Jersey Mikes, as referenced in Item 17?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
These tables list certain important provisions of the franchise and related agreements. You should read these provisions in the agreements attached to this Disclosure Document.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–64)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, Item 17 provides a summary of important provisions within the franchise and related agreements. To fully understand your rights and obligations as a franchisee, you should carefully read the actual agreements attached to the Disclosure Document.
Specifically, Item 17 references various sections within the Franchise Agreement that cover topics such as your obligations upon termination or non-renewal (Section 18), Jersey Mikes's right to assign the contract (Section 19.9), the definition of "transfer" by you (Section 31), and Jersey Mikes's approval of any transfer (Section 19.1). It also highlights what happens in the event of your death or disability (Section 20), non-competition covenants during (Section 16.3) and after the franchise term (Section 16.4), how the agreement can be modified (Sections 9, 22, and 25), and clauses related to integration/merger (Section 25).
Furthermore, the FDD indicates that you should review sections pertaining to dispute resolution through arbitration or mediation (Section 27), the choice of forum for legal actions (Section 27.2), and the governing law (Section 27.1). Taking the time to thoroughly review all these referenced sections in the Franchise Agreement, as well as any other related agreements, is crucial for making an informed decision about investing in a Jersey Mikes franchise.