What is the consequence if a Crave franchisee fails to open the Franchised Business within the period specified in Section 2.7?

According to Crave's 2025 Franchise Disclosure Document, if a franchisee fails to open their franchised business within the period specified in Section 2.7 of the franchise agreement, it constitutes a breach of the agreement.

Specifically, Item 23 outlines various conditions under which the franchisor can take certain actions. One of these conditions is if the franchisee fails to open the franchised business for business within the period specified in Section 2.7. While this section indicates that failure to open on time is a breach, it does not explicitly state the consequences of such a breach.

Prospective Crave franchisees should carefully review Section 2.7 of the Franchise Agreement to understand the exact timeframe for opening their business and should seek clarification from Crave regarding the specific repercussions of failing to meet this deadline. This could include potential termination of the franchise agreement or other penalties.