In the Jersey Mikes Assignment of Franchise Agreement, what sections of the Summary Pages of the Franchise Agreement are amended and restated?

According to the 2025 Jersey Mikes Franchise Disclosure Document, the Assignment of Franchise Agreement outlines specific amendments to the Franchise Agreement Summary Page. Paragraph 5, concerning the Effective Date of the Franchise Agreement, is amended such that the effective date is ten years after the original agreement's expiration. Paragraph 7, which details the Initial Fee, is entirely deleted and has no effect. Paragraph 8(a), covering the Grand Opening Advertising Fee, is also deleted in its entirety and carries no force.

Furthermore, Sections 2.2, 2.3, and 2.4 of the Franchise Agreement, which pertain to the Term and Renewal of the agreement, are deleted completely. Section 5, addressing Training and Assistance, is amended with the addition of Section 5.6. This new section stipulates that Jersey Mikes is not required to provide any pre-opening training and assistance as described in Section 5.

These amendments indicate significant changes to the original franchise agreement terms upon assignment. Specifically, the elimination of the initial fee and grand opening advertising fee, along with modifications to the term and renewal sections, could substantially alter the financial and operational expectations for the assignee. The removal of mandatory pre-opening training may also place a greater burden on the assignee to independently prepare for the restaurant's launch. Prospective franchisees should carefully review these changes and understand their implications before proceeding with an assignment.