For each additional Crave Cookies franchise after the first, when must the franchisee execute Crave Cookies Franchising's then-current standard form of franchise agreement?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2. Form of Agreement. For Store #1, Franchisee and Crave Cookies Franchising have executed the Franchise Agreement simultaneously with this MUDA. For each additional Crave Cookies franchise, Franchisee shall execute Crave Cookies Franchising's then-current standard form of franchise agreement no later than three business days after Franchisee leases or acquires a location. This MUDA does not give Franchisee the right to construct, open, or operate a Crave Cookies business, and Franchisee acknowledges that Franchisee may construct, open, and operate each Crave Cookies business only pursuant to a separate franchise agreement executed pursuant to this MUDA for each such Crave Cookies business.
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, if a franchisee is opening multiple Crave Cookies locations, they must execute the then-current standard form of the franchise agreement no later than three business days after they lease or acquire a location for each additional franchise.
This requirement is part of the Multi-Unit Development Agreement (MUDA), which outlines the terms for franchisees planning to open multiple locations. The MUDA does not grant the franchisee the right to operate a Crave Cookies business until a separate franchise agreement is executed for each location.
This means that while the MUDA sets the stage for developing multiple units, each location requires its own franchise agreement. This ensures that Crave Cookies and the franchisee are aligned on the specific terms and conditions for each individual store, reflecting any changes in the franchise agreement over time. The franchisee needs to be prepared to finalize the agreement shortly after securing the location to keep the development process moving forward.