For Crave franchises, what are some examples of events that constitute 'Termination' of the Franchise Agreement?

According to Crave's 2025 Franchise Disclosure Document, the term 'Termination' of the Franchise Agreement includes voluntary termination, involuntary termination, or natural expiration of the agreement. This definition is relevant to various aspects of the franchise relationship, particularly concerning the franchisee's rights and obligations upon termination.

Upon termination of the Franchise Agreement, Crave franchisees must transfer any rights or interests in domain names, social media accounts, software accounts, and website listings related to the Crave brand back to the franchisor. Similarly, franchisees must transfer any telephone numbers and listings associated with the franchised business to Crave upon termination. This ensures that Crave maintains control over its brand and online presence, even after a franchise ceases operation.

Furthermore, the termination of the agreement impacts the franchisee's rights within a designated territory. Upon termination or expiration of the agreement, Crave and its affiliates have the right to develop and operate or grant franchises to others within the previously designated area. This is subject to any territorial rights the franchisee may have concerning businesses they still operate under existing franchise agreements and any right of first refusal as described in the agreement. This clause highlights the importance of understanding the conditions under which a franchise can be terminated and the subsequent impact on territorial exclusivity.