What exhibits are included in the Chocolate Fish Coffee disclosure document?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
[Maryland Residents]:** This Release shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
[Washington Residents]: A release or waiver of rights executed by a franchisee shall not include rights under the Washington Franchise Investment Protection Act except when executed pursuant to a negotiated settlement after the franchise agreement is in effect and where the parties are represented by independent counsel.
Agreed to by: Name: Date:
EXHIBIT C
MULTI-UNIT DEVELOPMENT AGREEMENT
This Multi-Unit Development Agreement (this "MUDA") is made between Chocolate Fish Franchising, LLC, a Wyoming Limited Liability Company ("Chocolate Fish Franchising") and , a ("Franchisee") on the Effective Date. Background Statement: On the same day as they execute this MUDA, Chocolate Fish Franchising and Franchisee have entered into a Franchise Agreement for the franchise of a Chocolate Fish Coffee business (the "Franchise Agreement"; capitalized terms used but not defined in this MUDA have the meanings given in the Franchise Agreement). Chocolate Fish Franchising and Franchisee desire that Franchisee develop multiple Chocolate Fish Coffee businesses.
1. Multi-Unit Commitment.
(a) Development Schedule; Fee. Franchisee shall develop and open Chocolate Fish Coffee businesses on the following schedule:
| Store # | Deadline for Opening | Total # of Stores to be Open and Operating on Deadline | Initial Franchise Fee |
|---|---|---|---|
| 1 | 1 | $ | |
| 2 | 2 | $ | |
| 3 | 3 | $ | |
| 4 | 4 | $ | |
| 5 | Total Initial Franchise Fee: | 5 | $ |
- (b) Payment**.** Upon execution of this MUDA, Franchisee shall pay the total Initial Franchise Fee to Chocolate Fish Franchising. The Initial Franchise Fee is non-refundable.
- 2. Form of Agreement. For Store #1, Franchisee and Chocolate Fish Franchising have executed the Franchise Agreement simultaneously with this MUDA.
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to the 2024 Chocolate Fish Coffee Franchise Disclosure Document, several exhibits are included. Exhibit C is the Multi-Unit Development Agreement, which outlines the terms for franchisees who commit to developing multiple Chocolate Fish Coffee businesses. This agreement specifies the development schedule and associated fees.
Exhibit E lists the State Administrators and Agents for Service of Process. This exhibit is relevant in states where Chocolate Fish Coffee pursues franchise registration and ensures compliance with state franchise investment laws. It identifies the state administrators responsible for overseeing franchises and the designated agents for service of process in those states.
Additionally, the disclosure document includes the Franchise Agreement itself. This agreement details the relationship between Chocolate Fish Franchising, LLC and the franchisee, outlining the system for operating a Chocolate Fish Coffee business, including methods, standards, specifications, and the use of trademarks. These exhibits provide crucial legal and operational information for prospective franchisees.