What is the deadline for executing the franchise agreement for each additional Crave Cookies franchise?
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.
**3.
Development Area.** Franchisee shall locate the first location in the Development Area indicated on the Summary Page of this Franchise Agreement.
Subsequent areas may be opened in any order so long as each Opening Deadline is met in order.
Franchisee acknowledges that it does not have exclusive rights to develop, open or operate Crave Cookies businesses in the Development Area.
- **4.
Default and Termination.** The MUDA is automatically terminated without opportunity for Franchisee to cure, if any of the following occur:
- (i) Franchisee fails to satisfy the development schedule; or
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, for each additional franchise beyond the first, a franchisee must execute the then-current standard franchise agreement within three business days of leasing or acquiring a location. This requirement is part of the Multi-Unit Development Agreement (MUDA). The MUDA does not grant the franchisee the right to immediately construct, open, or operate a Crave Cookies business.
This means that while a franchisee might secure rights to develop multiple locations, each location requires a separate franchise agreement. The execution of these agreements is tied to the franchisee's progress in securing specific sites, ensuring that Crave Cookies' standards and requirements are met as the franchisee expands.
The FDD also states that subsequent areas may be opened in any order so long as each Opening Deadline is met in order. Prospective franchisees should carefully consider this timeline and the financial implications of securing locations and executing franchise agreements in a timely manner to avoid any potential delays or breaches of the MUDA. Failing to meet the development schedule is grounds for termination of the MUDA.