What is Exhibit C to the Care Plus Medical Ucc disclosure document?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
If you sign a franchise agreement with us, you will develop and operate a state-of-the-art facility offering walk-in urgent medical care services as well as telemedicine, under the trade name Care Plus Medical. If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Care Plus Medical outlets, on an agreed-upon schedule. For each future unit franchise, we will require you to sign our then-current form of
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–11)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, Exhibit C is the Multi-Unit Development Agreement. This agreement is relevant if a franchisee intends to develop multiple Care Plus Medical outlets according to a pre-arranged schedule.
This agreement commits the franchisee to opening multiple units, which can offer benefits such as securing a larger territory and potentially negotiating better terms with the franchisor. However, it also carries the risk of requiring significant capital investment and operational responsibilities across multiple locations simultaneously.
Care Plus Medical Ucc specifies that for each individual franchise unit developed under the Multi-Unit Development Agreement, the franchisee will be required to sign the then-current form of franchise agreement. This is a standard practice in multi-unit franchising, allowing the franchisor to update the franchise agreement as needed while ensuring each unit operates under a current agreement. It is important to note that the franchise agreement signed for each unit may differ from the initial franchise agreement included in the disclosure document.