What is the 'Site' referring to in the context of the Petro Stopping Center franchise agreement?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS CONDITIONAL ASSIGNMENT AND ASSUMPTION OF AND |
|---|
| AMENDMENT TO LEASE |
| (this "Assignment") is made, entered into and effective as of the |
| effective date of the Lease (as defined hereinbelow), by, between and among PETRO |
| FRANCHISE SYSTEMS LLC, with its principal business address located at 24601 Center Ridge |
| Road, Westlake, Ohio 44145-5634 (the "Franchisor"), and whose |
| current principal place of business is (the "Franchisee"), |
| and, whose current principal place of business is |
| (the "Lessor"). |
| BACKGROUND INFORMATION |
| The |
| Franchisor |
| entered |
| into |
| that |
| certain |
| Franchise |
| Agreement |
| (the |
| "Franchise |
| Agreement") dated as of, 202 with the Franchisee, pursuant to which |
| the Franchisee plans to own and operate a Petro |
| Center (the "Petro |
| Center") located at |
| (the "Site"). |
| In addition, pursuant to that certain Lease Agreement (the "Lease"), the Franchisee has |
| leased or will lease certain land on which the Petro |
| Center is or will be located from Lessor. The |
| Franchise Agreement requires the Franchisee to deliver this Assignment to the Franchisor as a |
| condition to the grant of a franchise. |
| Pursuant to the Lease and if applicable, Lessor is undertaking development and |
| construction of the Petro Center for the Franchisee (the "Development and Construction |
Source: Item 4 — Other Owners: (FDD pages 228–302)
What This Means (2025 FDD)
According to the 2025 Petro Stopping Center Franchise Disclosure Document, the 'Site' refers to the physical location where the Petro Center is situated. This is clarified in the Conditional Assignment and Assumption of and Amendment to Lease agreement. The agreement outlines the relationship between Petro Franchise Systems LLC (the Franchisor), the Franchisee, and the Lessor, detailing the rights and obligations related to the property.
The 'Site' is the specific real estate upon which the franchisee will operate the Petro Stopping Center. The Franchise Agreement requires the franchisee to deliver the Assignment to the franchisor as a condition of being granted the franchise. The lease agreement dictates that the franchisee will lease the land from the Lessor where the Petro Center is or will be located.
Understanding the definition of 'Site' is crucial for franchisees as it is tied to various aspects of the franchise agreement, including operational rights, obligations, and potential restrictions. For instance, the franchisee's right to use the premises is limited to operating a Petro Center. Additionally, the franchisor retains the right to access the site for inspections without prior notice to the Lessor, highlighting the franchisor's oversight and control over the location. The franchisee is restricted from leasing or permitting the site to be used by a competitor.