Which items in the Chocolate Bash FDD provide more detail about the fees franchisees must pay?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Obligation | Section in agreement | Disclosure document item | Section in MUDA |
|---|---|---|---|
| f. Fees | Article 4, §§ 5.5, 7.8, 10.5, 11.2, 11.3, 14.5, 15.2, 16.1, 17.6 | Items 5, 6 and 7 | §1 |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 17–19)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, and it indicates where to find more detailed information regarding fees. Specifically, the table within Item 9 cross-references various sections of the franchise agreement and other disclosure document items that pertain to franchisee fees.
The table shows that details regarding fees can be found in Article 4 and sections 5.5, 7.8, 10.5, 11.2, 11.3, 14.5, 15.2, 16.1, and 17.6 of the franchise agreement. Furthermore, the table directs prospective franchisees to Items 5, 6, and 7 of the Franchise Disclosure Document for additional information on fees. Section 1 of the MUDA (presumably a Multi-Unit Development Agreement) also contains information about fees.
This cross-referencing is helpful for prospective Chocolate Bash franchisees as it provides a roadmap within the FDD and franchise agreement to locate all relevant information regarding the various fees they will be obligated to pay. Franchisees should carefully review each of these sections to fully understand the fees, their amounts, payment schedules, and any conditions or requirements associated with them.