factual

Regarding Noodles & Company franchise agreements, what documents besides the franchise agreement itself might be required?

Noodles_Company Franchise · 2025 FDD

Answer from 2025 FDD Document

If we accept a proposed site pursuant to Section 3.02, and you demonstrate the requisite financial and management capabilities (if requested by us) pursuant to Section 3.03 and have satisfied all conditions precedent, then we agree to offer you a franchise to operate a Noodles & Company restaurant at the proposed site by delivering to you our then-current form of franchise agreement, together with all standard ancillary documents (including exhibits, riders, collateral assignments of

leases, Principal Owner guarantees and other related documents) that we then customarily use in granting franchises for the operation of Noodles & Company restaurants in the state in which the Noodles & Company restaurant is to be located ("the Franchise Agreement") subject to the following terms and conditions.

4.01 Organizational Documents**.** You must be a business corporation, partnership, limited liability company or other legal entity formed for the sole purpose of developing and holding franchises to operate Noodles & Company restaurants. You and each of your Owners represent, warrant and agree that: (a) you are duly organized and validly existing under the laws of the state of your organization, and you are duly qualified to transact business in the state(s) in which the Development Area is located; (b) you have the authority to execute and deliver this Agreement and to perform your obligations hereunder; (c) true and complete copies of the articles of incorporation, partnership agreement, bylaws, subscription agreements, buy-sell agreements, voting trust agreements and all other documents relating to your ownership, organization, capitalization, management, and control have been delivered to us and all amendments thereto shall be promptly delivered to us; (d) your entity's activities are restricted to those necessary solely for the development, ownership, and operation of Noodles & Company restaurants in accordance with this Agreement and in accordance with any other agreements entered into with us or our Affiliate if applicable; (e) the articles of incorporation, partnership agreement, or other organizational documents recite that the issuance, transfer, or pledge of any direct or indirect legal or beneficial ownership interest is restricted by the terms of this Agreement;

You agree to cause each of your Owners and Operating Partners to enter into and comply with the confidentiality and non-compete agreement referred to in Section 8.02 hereof.

Each person who is or becomes a Principal Owner must execute an agreement in the form we prescribe, undertaking to be bound jointly and severally by the terms of this Agreement, the current form of which is attached hereto as Exhibit B. Each person who is or becomes an Owner or an Operating Partner must execute an agreement in the form we prescribe, undertaking to be bound by the confidentiality and non-competition covenants contained in the Agreement, the current form of which is attached hereto as Exhibit D.

Source: Item 23 — RECEIPT (FDD pages 99–350)

What This Means (2025 FDD)

According to Noodles & Company's 2025 Franchise Disclosure Document, in addition to the franchise agreement, several ancillary documents may be required when granting a franchise. These include exhibits, riders, collateral assignments of leases, Principal Owner guarantees, and other related documents that Noodles & Company customarily uses. These documents are specific to the state in which the Noodles & Company restaurant will be located.

Furthermore, franchisees must provide true and complete copies of organizational documents. These include articles of incorporation, partnership agreements, bylaws, subscription agreements, buy-sell agreements, voting trust agreements, and all other documents relating to the ownership, organization, capitalization, management, and control of the franchise. Any amendments to these documents must also be promptly delivered to Noodles & Company.

Principal Owners, Owners, and Operating Partners may also be required to execute additional agreements. Principal Owners must agree to be bound jointly and severally by the terms of the franchise agreement. Owners and Operating Partners must agree to the confidentiality and non-competition covenants contained in the agreement. These additional agreements ensure that all parties involved are committed to the obligations and standards set forth by Noodles & Company.

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.