Is the Multi-Unit Development Agreement attached as an exhibit to the Chocolate Fish Coffee disclosure document?
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.
For each future unit franchise, we will require you to sign our then-current form of franchise agreement, which may be different from the form of franchise agreement included in this disclosure document.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–8)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the Multi-Unit Development Agreement is attached as Exhibit C to the disclosure document. This agreement is relevant if a franchisee intends to develop multiple Chocolate Fish Coffee outlets according to an agreed-upon schedule.
For prospective franchisees considering opening multiple Chocolate Fish Coffee locations, the inclusion of the Multi-Unit Development Agreement as Exhibit C is significant. It provides a clear indication that Chocolate Fish Coffee supports and has a structured process for multi-unit development. This allows potential franchisees to understand the terms and obligations associated with expanding the Chocolate Fish Coffee brand in a specific territory.
It is important to note that for each future unit franchise under a Multi-Unit Development Agreement, Chocolate Fish Coffee will require the franchisee to sign their then-current form of franchise agreement. This agreement may differ from the standard franchise agreement included in the disclosure document. Therefore, franchisees need to be aware that the terms and conditions for subsequent units might not be identical to those of the initial franchise agreement.