According to the addendum, who is referred to as "we," "us," or "our" in the Stretch Zone franchise agreement?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS APPROVED LOCATION ADDENDUM is signed on between Stretch Zone Franchising LLC ("we, "us" or "our") and ("you" |
|---|
| or "your"). |
Source: Item 8 — Receipts. Any sale made must be in compliance with § 683(8) of the Franchise Sale Act (N.Y. Gen. Bus. L. § 680 et seq.), which describes the time period a Franchise Disclosure Document (offering prospectus) must be provided to a prospective franchisee before a sale may be made. New York law requires a franchisor to provide the Franchise Disclosure Document at the earliest of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. (FDD pages 99–263)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, in the context of the Approved Location Addendum, the terms "we," "us," or "our" refer to Stretch Zone Franchising LLC. This clarification is important for franchisees as it establishes the identity of the franchisor in relation to the specific agreements and obligations outlined in the addendum.
Specifically, the addendum is signed between Stretch Zone Franchising LLC and the franchisee, with the understanding that the franchisee has selected a location approved by Stretch Zone for their franchise business. The addendum modifies the original Franchise Agreement to incorporate the approved location. This ensures that both parties are clear on their roles and responsibilities regarding the location of the franchise.
This definition is crucial for interpreting the terms of the addendum and the Franchise Agreement, particularly concerning obligations, approvals, and any potential inconsistencies between the two documents. Franchisees should pay close attention to these definitions to fully understand their contractual relationship with Stretch Zone.