What is the definition of 'Owner' as it relates to termination conditions for a Crave Cookies franchise?

Based on the 2025 Crave Cookies Franchise Disclosure Document, the term 'Owner' is specifically relevant in the context of franchise termination conditions. The agreement states that Crave Cookies Franchising can terminate the franchise agreement without an opportunity to cure if the franchisee or any 'Owner' is charged with, pleads guilty or no-contest to, or is convicted of a felony.

Additionally, Crave Cookies Franchising can terminate the agreement if the franchisee or any 'Owner' is accused by a governmental authority or third party of any act, or commits any act or series of acts, that Crave Cookies Franchising believes is reasonably likely to materially and unfavorably affect the Crave Cookies brand. This means that the actions or legal issues of any 'Owner' can have direct consequences on the franchise agreement and its potential termination.

For a prospective Crave Cookies franchisee, this underscores the importance of ensuring that all individuals considered 'Owners' maintain a clean legal record and act in a manner that upholds the brand's reputation. The FDD does not define 'Owner,' so it would be prudent for a potential franchisee to seek clarification from Crave Cookies Franchising regarding who is considered an 'Owner' for the purposes of these termination clauses. This clarification is crucial to understanding the full scope of potential risks associated with the franchise agreement.