For a Crave franchise, what must a franchisee do after receiving the Franchise Agreement for an approved site?

According to Crave's 2025 Franchise Disclosure Document, after receiving the Franchise Agreement for an approved site, a franchisee must properly execute the agreement and return the appropriate number of copies within ten days of receipt. Failure to do so will void the site approval, and the franchisee will lose all rights to that location. This requirement ensures that Crave has a binding agreement with the franchisee before they begin operations at the approved site.

This stipulation is crucial for prospective Crave franchisees as it sets a strict deadline for finalizing the agreement after site approval. Franchisees need to be prepared to act quickly and efficiently to avoid losing the approved location. This also highlights the importance of carefully reviewing the Franchise Agreement and seeking legal counsel if needed, to ensure full understanding of the obligations before execution.

Crave's policy of voiding site approval if the agreement is not returned within ten days is a protective measure for the franchisor. It prevents franchisees from delaying the process or potentially using the approved site for other purposes without a formal commitment to the Crave brand. This type of clause is relatively common in franchising, as franchisors need to maintain control over their brand and ensure that franchisees are committed to the system.