What information about the depositor is required on the Crave depository form?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
submit such reports to Franchisor. Franchisee shall pay all registration and inspections fees.
Except as specifically amended hereby, all provisions of the Franchise Agreement remain in full force and effect.
The parties hereto have duly signed and executed this Addendum to the Crave Franchising, LLC, Franchise Agreement as of the day and year first above written.
CRAVE FRANCHISING, LLC Name: Samantha Rincione Title: CEO and COO PRINCIPALS:
ADDENDUM TO CRAVE FRANCHISING, LLC FRANCHISE AGREEMENT
Exhibit A
Leased Premises Depiction
Exhibit B ACH Form
ELECTRONIC TRANSFER AUTHORIZATION
AUTHORIZATION TO HONOR CHARGES DRAWN BY AND PAYABLE TO CRAVE WM FRANCHISING, LLC ("COMPANY")
Depositor hereby authorizes and requests Crave WM Franchising LLC ("the "Depository") to initiate debit and credit entries to Depositor's _x_checking or __ savings account (select one) indicated below drawn by and payable t
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the Electronic Transfer Authorization form requires the depositor to authorize Crave WM Franchising LLC to initiate debit and credit entries to the depositor's checking or savings account. The depositor must select whether the account is a checking or savings account. The authorization allows Crave to make electronic funds transfers for payments, provided sufficient funds are available.
The depositor agrees that Crave's rights regarding these charges are equivalent to those of a check drawn by the depositor. Additionally, the depositor acknowledges that the depository bears no liability if a charge is dishonored, regardless of the reason.
This authorization ensures Crave can efficiently manage financial transactions with its franchisees. Franchisees should understand their rights and obligations related to these electronic transfers, including maintaining sufficient funds and understanding the potential consequences of dishonored payments.