What section of the Monicals Pizza Franchise Agreement defines 'Approved Location'?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Agreement" means this Franchise Agreement and all exhibits, attachments and amendments hereto;
- "Approved Location" has the meaning given to such term in Section 2.2;
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to the 2025 Monicals Pizza Franchise Disclosure Document, the term "Approved Location" is defined within Section 2.2 of the Franchise Agreement. This definition is crucial because it specifies the physical site where the franchisee is authorized to operate their Monicals Pizza restaurant.
Understanding the "Approved Location" is essential for several reasons. First, it establishes the specific address where the franchisee's operations are permitted. Second, it ties into other sections of the agreement, such as those dealing with relocation, termination, and post-term non-compete obligations. For instance, the post-termination covenant not to compete restricts a franchisee from operating a competitive business within a certain radius of the "Approved Location."
For a prospective Monicals Pizza franchisee, it is important to carefully review Section 2.2 to fully understand how the "Approved Location" is determined, what obligations the franchisee has regarding that location, and what restrictions might apply after the franchise agreement ends. If the location is not yet determined when the agreement is signed, Section 2.3 outlines the process for selecting and approving a site.