Where can I find the form of the Multi-Unit Development Agreement for Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
You do not have the right to establish additional franchised outlets unless you sign a Multi-Unit Development Agreement ("MUDA") in the form attached as Exhibit C to this disclosure document. If you and we sign a MUDA, then you will have the right to establish a mutually-agreed number of additional outlets on a mutually-agreed schedule. Under the MUDA, your right to develop additional outlets is subject to (1) you must comply with the mutually-agreed development schedule, (2) you must have sufficient financial and organizational capacity to develop, open, operate, and manage each additional Better Blend business, (3) you must be in compliance with all brand requirements at your open Better Blend business(es), and (4) you must not be in default under any other agreement with us. We will approve the location of future sites and territories for those sites, and our then-current standards for sites and territories will apply. For each future site, you must sign our then-current form of Franchise Agreement, which may be materially different than the original Franchise Agreement that you signed. You are not obligated to develop additional outlets under the MUDA, and you may terminate it any time without penalty. If you do not meet your development schedule in the MUDA, we have the right to terminate your right to develop additional outlets.
Source: Item 12 — TERRITORY (FDD pages 27–29)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the form for the Multi-Unit Development Agreement (MUDA) is attached as Exhibit C to the disclosure document. This agreement is relevant if a franchisee wishes to establish more than one Better Blend outlet.
The MUDA outlines the terms under which a franchisee can develop additional Better Blend locations. It stipulates that the franchisee must adhere to a mutually agreed-upon development schedule and possess the financial and organizational capabilities to manage multiple locations. Furthermore, all existing Better Blend businesses owned by the franchisee must be compliant with brand standards, and the franchisee must not be in default under any other agreement with Better Blend.
Better Blend retains approval rights over the locations and territories for any future sites developed under the MUDA, and the then-current standards for sites and territories will apply. For each new location, the franchisee is required to sign Better Blend's current form of Franchise Agreement, which may differ materially from the original agreement. While the franchisee is not obligated to develop additional outlets under the MUDA and can terminate it without penalty, Better Blend reserves the right to terminate the franchisee's development rights if the development schedule is not met.