What constitutes a material default that allows Crave to terminate the franchise agreement without an opportunity to cure?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
on, action, proceeding, arbitration or other setting, you irrevocably agrees to assist us in defending said allegation, appearing at any venue requested by us to testify on our behalf, participate in depositions, other appearances or preparing affidavits rejecting any assertion that we are
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the franchise agreement outlines specific obligations, and franchisees acknowledge that each of these obligations is material and essential. This means that if a franchisee fails to meet these obligations, Crave has the right to terminate the agreement immediately without providing an opportunity to cure the default.
The FDD specifies that these obligations are considered material and essential, emphasizing their importance to the franchise relationship. This provision is a significant point for potential franchisees to consider, as any failure to meet these obligations, regardless of the reason, could result in the immediate termination of their franchise agreement.
Prospective Crave franchisees should carefully review the franchise agreement to fully understand all obligations and ensure they can consistently meet them. Understanding these terms is crucial to avoid potential defaults that could lead to termination without a chance to rectify the situation. This is a stricter stance than some franchises, where a cure period is often granted for many types of defaults.