factual

What is the definition of 'Spouse' as it relates to the Mrcool Franchise Agreement?

Mrcool Franchise · 2025 FDD

Answer from 2025 FDD Document

"Immediate Family" refers to and means the spouse of a person and any other member of the household

of such person, including, without limitation, children of such person.

Source: Item 23 — RECEIPTS (FDD pages 55–263)

What This Means (2025 FDD)

Based on the 2025 Mrcool Franchise Disclosure Document, the term 'Immediate Family' is defined to include the spouse of a person. It also includes any other member of the household of such person, including, without limitation, children of such person. While the term 'spouse' is not explicitly defined on its own, it is included within the definition of 'Immediate Family'.

This definition is important because the Mrcool franchise agreement may impose obligations or restrictions on immediate family members, including spouses. For example, the FDD mentions that each owner of a transferee and their respective spouses shall personally execute the Franchise Owner and Spouse Agreement and Guaranty in the event of a transfer of the franchise. This means that the spouse may be required to guarantee the franchisee's obligations under the franchise agreement.

Prospective Mrcool franchisees should carefully review the franchise agreement and related documents to understand the full extent of any obligations or restrictions that may apply to their spouses or other immediate family members. It is advisable to seek legal counsel to fully understand these implications before signing the agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.