factual

Who are considered 'Parties' in a 'Dispute' related to the Southern Steer agreement?

Southern_Steer Franchise · 2025 FDD

Answer from 2025 FDD Document

Subject to Section 14.4, "Dispute" means any disputes, controversies or claims between Franchisor, its Affiliate, shareholders, owners, officers, directors, agents, employees and attorneys (in their respective capacity) and Multi-Unit Developer and Controlled Entity (if any) and Multi-Unit Developer and Controlled Entity (if any)'s Operating Principal, Owners, Guarantors, Designated Manager(s), affiliates, officers, directors, agents and employees (collectively, "Parties") (a) arising out of or related to this Agreement or any other agreement between the Parties relating to the Southern Steer Business or the relationship of the Parties hereto; (b) the relationship of the Parties hereto; (c) the Multi-Unit Developer or Controlled Entity's development of Southern Steer Businesses; (d) the scope or validity of this Agreement or any other agreement between the Parties relating to the Southern Steer Business or the relationship of the Parties hereto or any provision thereof (including the validity and scope of the arbitration obligation, which Multi-Unit Developer and Controlled Entity (if any) and Franchisor acknowledge will be determined by an arbitrator and not a court, unless the arbitrator invalidates the Arbitration provision in its entirety, in which case, wither party has the right to appeal such invalidation to a court of competent jurisdiction).

Source: Item 5 — and 7 of the FDD, Section 3.1 of the Franchise Agreement and Section 4.1 of the Multi-Unit Development Agreement are hereby amended to state that payment of the initial franchise fee and development fee will be deferred until We have satisfied Our pre-opening obligations, and You have commenced business operations. (FDD pages 168–290)

What This Means (2025 FDD)

According to the 2025 Southern Steer Franchise Disclosure Document, a 'Dispute' involves specific entities. These 'Parties' include Southern Steer Franchisor, its Affiliates, shareholders, owners, officers, directors, agents, employees, and attorneys (acting in their official capacities).

Additionally, the 'Parties' also encompass the Multi-Unit Developer and any Controlled Entity, along with the Multi-Unit Developer and Controlled Entity's Operating Principal, Owners, Guarantors, Designated Manager(s), affiliates, officers, directors, agents, and employees. This definition is applicable to any disputes, controversies, or claims arising from the Franchise Agreement, any related agreements, the relationship between the parties, the development of Southern Steer Businesses, or the scope and validity of the agreements.

This broad definition ensures that all relevant individuals and entities associated with both the franchisor and the multi-unit developer are included in any dispute resolution process, providing a comprehensive framework for addressing conflicts within the Southern Steer franchise system.

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.