What exhibit contains the Restaurant Lease Addendum for a Lees Famous Recipe franchise?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
EXHIBITS
- A RESTAURANT LOCATION AND DESIGNATED TERRITORY
- B RESTAURANT LOCATION GENERAL AREA
- C RESTAURANT LEASE ADDENDUM
- D GUARANTY AND ASSUMPTION OF OBLIGATIONS
- E AUTHORIZATION AGREEMENT FOR PRE-AUTHORIZED PAYMENTS
- F FORM CONFIDENTIALITY AGREEMENT
- G AUTHORIZATION TO RELEASE FINANCIAL REPORTS
- H LIST OF OWNERS
LEE'S FAMOUS RECIPE® FRANCHISE AGREEMENT
Source: Item 22 — CONTRACTS (FDD pages 69–70)
What This Means (2025 FDD)
According to the 2025 Lees Famous Recipe Franchise Disclosure Document, the Restaurant Lease Addendum is found in Exhibit C. This addendum is a crucial part of the franchise agreement as it outlines the terms and conditions related to the lease of the restaurant premises.
The addendum typically includes clauses that protect the franchisee's business operations. For example, it may specify that the landlord must ensure that no other tenant in the same building operates a similar business that could compete with the Lees Famous Recipe restaurant. It also usually requires the landlord to notify the franchisor of any lease defaults, giving both the franchisee and franchisor an opportunity to rectify the situation.
Prospective franchisees should carefully review Exhibit C, the Restaurant Lease Addendum, along with the entire franchise agreement, to fully understand their obligations and rights related to the restaurant's lease. Understanding these terms is essential for ensuring a smooth and legally sound business operation.