What exhibit contains the form of the Multi-Unit Development Agreement for Chocolate Fish Coffee?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Chocolate Fish Coffee outlets, on an agreed-upon schedule.
Source: Item 5 — INITIAL FEES (FDD pages 9–10)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the form of the Multi-Unit Development Agreement (MUDA) is attached as Exhibit C. This agreement is relevant if a franchisee wishes to develop multiple Chocolate Fish Coffee outlets under an agreed-upon schedule.
The MUDA outlines the terms and conditions under which a franchisee can expand their operations beyond a single unit. It specifies that for each additional franchise unit, the franchisee must sign Chocolate Fish Coffee's then-current standard form of franchise agreement, typically within three business days of securing a location. This ensures that each new outlet is governed by the most up-to-date terms and conditions set by Chocolate Fish Coffee.
The agreement does not automatically grant the right to construct or operate additional Chocolate Fish Coffee businesses. Each new business requires a separate franchise agreement executed according to the MUDA. This structure allows Chocolate Fish Coffee to maintain control over the expansion process and ensure that franchisees meet specific criteria before opening new locations.