In the Crave Addendum, what terms are used to collectively refer to the Principal(s)?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Addendum | (the "Addendum') is being entered into this day of | ||
|---|---|---|---|
| , (the "Effective Date") by and between CRAVE Franchising, LLC, a Wyoming limited liability | |||
| company, with its principal address at 159 N. Wolcott St. Suite 133, | Casper, WY 82601 | ("Franchisor", | |
| "we", "our", or "us") and | , a(n) | ||
| , with its principal place of business located at | |||
| and | 's principals | , an individual residing at | |
| , | , an individual residing at | ||
| and | |||
| ("Principal(s)"). | and | ||
| Principal(s) shall be collectively referred to in this Addendum as "Franchisee" |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the addendum specifies that the Principal(s) are collectively referred to as "Franchisee", "you", or "your". This definition is important because it clarifies how the Principal(s) are addressed within the legal context of the addendum.
For a prospective Crave franchisee, understanding this definition is crucial for interpreting the terms and obligations outlined in the addendum. Whenever the terms "Franchisee", "you", or "your" are used, they are referring to the Principal(s) who are party to the agreement. This ensures clarity and avoids confusion regarding who is responsible for fulfilling the requirements of the franchise agreement.
This clarification is especially relevant when the agreement outlines specific responsibilities, liabilities, or rights. By using these terms interchangeably, Crave ensures that all Principals are equally bound by the agreement's provisions. Franchisees should pay close attention to these definitions to fully grasp their obligations and rights under the franchise agreement.