What is Attachment 3 to the Crawlspace Medic Franchise Agreement for Crawlspace Medic?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Developer desires to obtain the right to further develop and expand the System in accordance with the development schedule described in Section 5.2 hereof (the "Mandatory Development Schedule") within the development area described in Attachment 3 (the "Development Area"), under the System and Marks, on the terms and conditions set forth in this Agreement;
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, Attachment 3 to the Franchise Agreement defines the Development Area for developers. The Development Area is the specific geographic region where a developer has the right to establish Crawlspace Medic outlets, according to the terms and conditions outlined in the agreement. This area is subject to a development schedule that the developer must follow.
Crawlspace Medic grants developers the right to open and operate one Crawlspace Medic outlet within the Development Area as defined in Attachment 3. Developers may be granted rights to establish additional outlets within this area, up to the total number specified in the Mandatory Development Schedule, provided they fully comply with all conditions.
Attachment 3 is referenced in the context of a multi-unit development agreement, where the developer is expected to open the second location within one year of the first, and all subsequent locations at least every year thereafter. The agreement allows for consideration if natural disasters, government restrictions, or other uncontrollable events inhibit the franchisee's ability to meet this requirement, with written requests for time extensions to be submitted within 30 days prior to the deadline.