Where can the direct and indirect ownership interests in a Crave franchisee entity be found?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
ll remain in effect as set forth therein.
- 3.7 Survival. This Agreement shall survive the Termination of the Franchise Agreement.
- 3.8 Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware, without regard to the application of Delaware conflict of law rules.
-Remainder of Page Intentionally Blank-
The undersigned have executed or caused their duly authorized representatives to execute this Agreement as of the Effective Date.
| FRANCHISEE (Entity): | FRANCHISOR: CRAVE FRANCHISING, LLC | |
|---|---|---|
| By: Name: Title: | By: Name: Samantha Rincione Title: CEO and COO | |
| FRANCHISEE (Principal): | ||
| Name: | ||
| FRANCHISEE (Principal): | ||
| Name: |
ATTACHMENT 7 TO THE FRANCHISE AGREEMENT
AMERICANS WITH DISABILITIES ACT CERTIFICATION
CRAVE Franchising, LLC ("Franchisor") and ("Franchisee") are parties , to for a the Franchise operation Agreement of dated a Crave restaurant at (the "Franchised Business"). In accordance with Article 2 of the Franchise Agreement, Franchisee certifies to Franchisor that, to the best of Franchisee's knowledge, the Franchised Business and its adjacent areas comply with all applicable federal, state and local accessibility laws, statutes, codes, rules, regulations and standards, including but not limited to the Americans with Disabilities Act. Franchisee acknowledges that it is an independent licensee and the requirement of this certification by Franchisee does not constitute ownership, control, leasing or operation of the Franchised Business. Franchisee acknowledges that Franchisee has relied on the information contained in this certification. Furthermore, Franchisee acknowledge its obligation under this Franchise Agreement directors, to and indemnify employees of and the in officers, connection with any and all claims, losses, costs, expenses, liabilities, compliance costs, and damages incurred by the indemnified party(ies) as a result of any matters associated with Franchisee's compliance with the Americans with Disabilities Act, as well as the costs, including attorneys' fees, related to the same. By: Name: Title: PRINCIPALS:
ATTACHMENT 8 TO THE FRANCHISE AGREEMENT
SPOUSE CONFIDENTIALITY AND NON-COMPETE AGREEMENT
| This Confidentiality and Non-Compete Agreement (the "Agreement") is made and entered into this | |
|---|---|
| (the "Effective Date"), by CRAVE Franchising, LLC, a | |
| Wyoming limited liability company | , an individual, residing |
| ("Franchisor"), and | |
| at | ("Covenantor"), in connection with a franchise |
| agreement executed by Franchisor and | ("Principal" and "Franchisee"). |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the direct and indirect ownership interests in a franchisee entity are disclosed in several key areas. Attachment 7, the Americans with Disabilities Act Certification, requires the franchisee to certify compliance, and it includes fields for the franchisee's name and title, as well as spaces for the names of the principals involved. This attachment indicates who the key individuals are behind the franchise operation. Additionally, section 14.2 of Item 23 discusses the restrictions on transferring interests in the franchise. It states that neither the franchisee nor any principal can sell, assign, or transfer any direct or indirect interest in the franchise without the franchisor's prior written consent, highlighting the importance of the franchisor's control over ownership changes.
Furthermore, the franchise agreement itself, as indicated in the provided table, requires signatures from both the franchisee entity and the franchisee's principals. The table includes fields for the names and titles of the signing parties, which provides a clear record of who the franchisor is contracting with. This requirement ensures that Crave knows exactly who is involved in the ownership and management of each franchise location.
Prospective franchisees should pay close attention to these sections, as they outline the importance of transparency and the franchisor's approval in any ownership changes. It is crucial to understand that any transfer of interest, whether direct or indirect, requires the franchisor's consent, and failure to comply with these requirements can result in a default under the franchise agreement. Therefore, maintaining open communication with Crave regarding any changes in ownership or principal involvement is essential for a successful and compliant franchise operation.