factual

Under what conditions may Crave hold a meeting of its franchisees?

Crave Franchise · 2025 FDD

Answer from 2025 FDD Document

Advisory Council: We may, in our discretion, form an advisory council to collaborate with us to improve the System, the products offered by Crave businesses, advertising conducted by the Fund, and any other matters that we deem appropriate. If an advisory council is formed, it will act solely in an advisory capacity, and will not have decision making authority. We will have the right to form, change, merge or dissolve any advisory council. We may develop by-laws for any advisory council.

If formed, an advisory council will be comprised of our representatives and franchisee representatives. Franchisee representatives may be selected by us or by a vote of other franchisees in the System. If you participate on an advisory council, you will pay any expenses you incur related to your participation, such as travel and living expenses to attend council meetings.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 32–42)

What This Means (2025 FDD)

According to Crave's 2025 Franchise Disclosure Document, Crave may form an advisory council to collaborate with franchisees to improve the Crave system. These improvements may include the products offered by Crave businesses, advertising conducted by the fund, and any other matters that Crave deems appropriate.

If an advisory council is formed by Crave, it will act solely in an advisory capacity and will not have any decision-making authority. Crave retains the right to form, change, merge, or dissolve any advisory council at its discretion. Crave may also develop by-laws to govern the advisory council.

If an advisory council is formed, it will be comprised of representatives from Crave and franchisee representatives. Franchisee representatives may be selected by Crave or through a vote by other franchisees within the Crave system. If a franchisee participates on the advisory council, they will be responsible for covering any expenses incurred, such as travel and living expenses, to attend council meetings.

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.