What is the required action regarding 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.
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, for the initial store, the franchisee and Crave Cookies execute the Franchise Agreement simultaneously with the Multi-Unit Development Agreement (MUDA). For each additional Crave Cookies franchise, the franchisee must execute Crave Cookies' then-current standard form of franchise agreement. This execution must occur no later than three business days after the franchisee leases or acquires a location.
This MUDA does not automatically grant the franchisee the right to construct, open, or operate a Crave Cookies business. The franchisee can only proceed with construction, opening, and operation of each Crave Cookies business after a separate franchise agreement is executed for each location, pursuant to the MUDA.
In practical terms, this means that while the MUDA provides the framework for developing multiple Crave Cookies locations, each location requires its own individual franchise agreement. The franchisee needs to be prepared to sign a new franchise agreement for each additional location within three business days of securing the lease or acquisition of that location. This ensures that each Crave Cookies store operates under a current and legally binding agreement.