factual

Does the power of attorney granted to Crave survive the expiration or termination of the Franchise Agreement?

Crave Franchise · 2025 FDD

Answer from 2025 FDD Document

You, at our option, shall assign to us all rights to the telephone numbers of the Franchised Business and any related internet pages trademark listing or other business listings and execute all forms and documents required by us and any telephone company at any time to transfer such service and numbers to us. Further, you shall assign to us all internet listings, domain names, internet accounts, advertising on the internet or world wide web, websites, listings with search engines, email addresses or any other similar listing or usage related to the Franchised Business. The forms we may require you to execute include, but are not limited to, those included in Attachment 6 hereto. Notwithstanding any forms and documents which may have been executed under Section 7.9, you hereby appoint us as your true and lawful agent and attorney-in-fact with full power and authority, for the sole purpose of taking such action as is necessary to complete such assignment. This power of attorney shall survive the expiration or termination of this Agreement. You shall thereafter use different telephone numbers, email addresses or other listings or usages at or in connection with any subsequent business conducted by you.

Source: Item 23 — RECEIPTS (FDD pages 63–253)

What This Means (2025 FDD)

According to Crave's 2025 Franchise Disclosure Document, the power of attorney granted to Crave does indeed survive the expiration or termination of the Franchise Agreement. Specifically, this power of attorney relates to the assignment of telephone numbers, internet pages, trademark listings, and other business listings associated with the Franchised Business.

Crave retains the right to have franchisees assign all rights to telephone numbers and internet listings related to the business. To complete this assignment, Crave is appointed as the franchisee's attorney-in-fact with full power and authority. This appointment allows Crave to take necessary actions to transfer the listings and numbers.

This power of attorney remains in effect even after the Franchise Agreement expires or is terminated. This means that even after a franchisee leaves the Crave system, Crave retains the authority to manage and transfer the phone numbers and online presence associated with the former franchise. The franchisee is then obligated to use different contact information for any subsequent business they conduct.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.