What is the 'Agreement' defined as in the Precision Door Service Renewal Addendum for Precision Door Service?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISE AGREEMENT
This Franchise Agreement (the "Agreement") is made as of the Effective Date by and between PRECISION DOOR SERVICE SPV LLC, a Delaware limited liability company with its principal business located at 2395 Washington Avenue, Suite 5, Titusville, Florida 32780 ("we", "us" or "Franchisor"), and the person or entity (the "Franchisee" or "you") identified as Franchisee on the Data Sheet attached as Schedule A (together with addenda attached thereto, the "Data Sheet"). If the Franchisee is a corporation, partnership, limited liability company or other legal entity, the provisions of this Agreement also apply to its owners.
RECITALS
- A. We have developed a system for establishing and operating businesses identified by the Marks (as defined below) and engaged in the sale, repair, service, and installation of garage doors and operators, equipment, components and supplies, including installation, upgrades and remodeling, and performance of related services and repairs, pursuant to certain standards and specifications (each, a "PRECISION GARAGE DOOR SERVICE® Business").
- B. We own the PRECISION GARAGE DOOR SERVICE service mark and other marks, as well as other Intellectual Property (as defined below) used in connection with the operation of a PRECISION GARAGE DOOR SERVICE® Business.
- C. You desire to develop and operate a PRECISION GARAGE DOOR SERVICE® Business, and we have agreed to grant you a franchise to operate a PRECISION GARAGE DOOR SERVICE® Business subject to the terms and conditions of this Agreement.
In consideration of the foregoing and the promises and consideration below, you and we agree as follows:
DEFINITIONS
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the 'Agreement' refers to the Franchise Agreement made as of the Effective Date between Precision Door Service SPV LLC (the Franchisor) and the Franchisee. The FDD specifies that the franchisee is identified on the Data Sheet attached as Schedule A, including any addenda. If the franchisee is a corporation, partnership, limited liability company, or other legal entity, the provisions of the Agreement also apply to its owners.
The Franchise Agreement outlines the terms and conditions under which Precision Door Service grants the franchisee the right to operate a Precision Garage Door Service business. This includes using the service marks and other intellectual property related to the business. The agreement is based on the understanding that Precision Door Service has developed a system for operating businesses engaged in the sale, repair, service, and installation of garage doors and related services.
The document emphasizes that the agreement is made in consideration of mutual promises and outlines various definitions to clarify the terms used within the agreement. These definitions include terms like 'Business,' 'Confidential Information,' 'Customer,' 'Customer Information,' 'Effective Date,' and 'Franchise Location,' each specifying the scope and meaning of these terms within the context of the franchise relationship. Understanding these definitions is crucial for franchisees to fully grasp their rights and obligations under the Franchise Agreement.