What article and section of the Crab N Spice franchise agreement detail post-termination obligations?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
- 14.3 Effect of Termination. Upon termination or expiration of this Agreement, all obligations that by their terms or by reasonable implication survive termination, including those pertaining to non-competition, confidentiality, indemnity, and dispute resolution, will remain in effect, and Franchisee must immediately:
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 19–20)
What This Means (2024 FDD)
According to the 2024 Crab N Spice Franchise Disclosure Document, Article 14.3 of the franchise agreement outlines the obligations of the franchisee upon termination or expiration of the agreement. This section specifies that certain obligations, such as those related to non-competition, confidentiality, indemnity, and dispute resolution, will remain in effect even after the franchise agreement ends.
Specifically, upon termination or expiration, the franchisee must immediately adhere to the surviving obligations. This includes ceasing all use of Crab N Spice's trademarks and the System.
This means a franchisee must be aware that ending the franchise relationship does not necessarily end all legal and financial responsibilities to Crab N Spice. The franchisee should carefully review Article 14.3 and related sections to fully understand the scope and duration of these post-termination obligations, as these can significantly impact their future business activities.