factual

Where can I find the Multi-Unit Development Agreement form for Chocolate Fish Coffee?

Chocolate_Fish_Coffee Franchise · 2024 FDD

Answer 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 12 — TERRITORY (FDD pages 27–29)

What This Means (2024 FDD)

According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the Multi-Unit Development Agreement (MUDA) form is attached as Exhibit C to the disclosure document. This agreement is relevant if a franchisee is interested in developing multiple Chocolate Fish Coffee outlets.

The MUDA outlines the terms and conditions under which a franchisee can establish additional Chocolate Fish Coffee businesses. It specifies that the franchisee and Chocolate Fish Coffee must agree on the number of additional outlets and the schedule for their development. The franchisee's right to develop additional outlets is contingent upon several factors, including compliance with the development schedule, sufficient financial and organizational capacity, adherence to brand requirements at existing locations, and not being in default under any other agreement with Chocolate Fish Coffee.

The franchisor retains approval rights over the location of future sites and territories, ensuring they meet the then-current standards. While the franchisee is not obligated to develop additional outlets under the MUDA and can terminate it without penalty, Chocolate Fish Coffee has the right to terminate the franchisee's right to develop additional outlets if the development schedule is not met. This agreement clarifies the conditions and responsibilities associated with expanding a Chocolate Fish Coffee franchise through multiple locations.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.