What is the definition of 'Agreement' in the context of the Red Wagon Club Franchise Agreement?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
wnership Interests
ATTACHMENT B Guaranty and Assumption of Obligations
ATTACHMENT C EFT Authorization Form
RED WAGON CLUB FRANCHISE AGREEMENT
THIS FRANCHISE AGREEMENT (the "Agreement") is made effective as of the Effective Date by and between RED WAGON CLUB FRANCHISE, LLC, a Florida limited liability company, with its principal business address at 2801 Florida Avenue, Suite C, Coconut Grove, Florida 33133 ("Franchisor"), and the person or entity identified as "Franchisee" in the signature blocks below ("Franchisee"). The Effective Date is the date on which Franchisor signs this Agreement as shown beneath Franchisor's signature hereto.
1. RED WAGON CLUB FRANCHISE.
Franchisor grants franchises (each a "Franchise") for the right to operate non-legal membershipbased businesses (each a "RWC Business") that are identified by, and whose products and services are identified by, the trademark Red Wagon ClubTM (together with other trademarks and service marks Franchisor designates from time to time, the "Marks"), that offer, separately from and as a complement to existing affiliated law firm businesses (each a "Law Firm Business"), a variety of non-legal social events, estate planning seminars, and membership benefits to clients ("Members") who have signed membership agreements ("Membership Agreements") with Franchisor or its affiliate, and that are developed and operated using certain business formats, methods, procedures, standards, and specifications that Franchisor specifies and that Franchisor may further develop or otherwise modify (collectively, the "
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2024 FDD)
According to the 2024 Red Wagon Club Franchise Disclosure Document, the term "Agreement" refers to the actual Franchise Agreement made between Red Wagon Club Franchise, LLC, the franchisor, and the franchisee. The agreement is effective as of the date that the franchisor signs the document.
This agreement grants the franchisee the right to operate a Red Wagon Club business, which involves offering non-legal social events, estate planning seminars, and membership benefits under the Red Wagon Club trademark. The franchisee must adhere to the business formats, methods, procedures, standards, and specifications that Red Wagon Club specifies, which collectively form the "System."
Furthermore, the Guaranty and Assumption of Obligations document also refers to the Franchise Agreement as the "Agreement", indicating that any amendments, modifications, restatements, or supplements to the original agreement are also included within the scope of the term. This is relevant because a guarantor is personally guaranteeing the franchisee's obligations under the Franchise Agreement.