In the context of the Crave Cookies Multi-Unit Development Agreement, where can the definitions of capitalized terms not defined in the MUDA itself be found?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
On the same day as they execute this MUDA, Crave Cookies Franchising and Franchisee have entered into a Franchise Agreement for the franchise of a Crave Cookies business (the "Franchise Agreement"; capitalized terms used but not defined in this MUDA have the meanings given in the Franchise Agreement). Crave Cookies Franchising and Franchisee desire that Franchisee develop multiple Crave Cookies businesses.
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, the Multi-Unit Development Agreement (MUDA) may contain capitalized terms that are not explicitly defined within the MUDA document itself. To find the definitions of these capitalized terms, a prospective Crave Cookies franchisee should refer to the Franchise Agreement that they enter into with Crave Cookies Franchising on the same day they execute the MUDA.
This is a common practice in franchising, where a development agreement relies on the definitions provided in the main franchise agreement to avoid redundancy. It is important for the franchisee to thoroughly review both the MUDA and the Franchise Agreement to understand all the terms and conditions, as the MUDA governs the franchisee's commitment to develop multiple Crave Cookies businesses, while the Franchise Agreement outlines the terms for operating each individual location.
Therefore, when reviewing the Crave Cookies MUDA, franchisees should keep the Franchise Agreement handy as a reference guide to ensure full comprehension of all terms, especially those that are capitalized but not defined in the MUDA. This cross-referencing is crucial for making informed decisions and understanding the obligations and rights under both agreements.