When must a Crave franchisee provide an updated list of all owners to Crave?

Based on the 2025 Crave Franchise Disclosure Document, a franchisee must provide an updated list of owners to Crave upon the termination of the Franchise Agreement or on periodic request of the franchisor. Termination includes voluntary termination, involuntary termination, or natural expiration of the agreement.

This means that if a franchisee decides to end the agreement, if Crave terminates the agreement due to a breach, or when the agreement reaches its natural end, the franchisee is obligated to provide the updated list of owners. Additionally, Crave has the right to request this list at any time during the term of the agreement, even if termination is not imminent.

This requirement ensures that Crave maintains current information regarding the ownership and control of each franchise location, which is important for legal and operational reasons. Franchisees should be aware of this obligation and maintain accurate records of ownership to comply with the franchise agreement.