What is Attachment 1 related to in the Crawlspace Medic agreement?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
ound hereby, mutually agree as follows:
- 1. RECITATIONS. The Recitations set out above form part of this Agreement.
- 2. GRANT OF FRANCHISE. Franchisor hereby grants to Franchisee and Franchisee accepts, upon the terms and conditions contained in this Agreement, the license to operate a Crawlspace Medic franchise (the "Franchised Business"), using only the Marks licensed hereunder, in strict conformity with the System, which may be changed,
improved and further developed by Franchisor from time to time. This grant applies only to a single location within a territory that is designated in Attachment 2 attached hereto and incorporated herein (the "Territory").
3. TERRITORY
- 3.1 Territory. This Agreement grants Franchisee the right to operate the Franchised Business at a single location within the Territory.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
Based on the 2024 Crawlspace Medic Franchise Disclosure Document, the provided excerpts do not contain information regarding what Attachment 1 to the franchise agreement pertains to. The excerpts do mention Attachments 2 and 3, which relate to the territory and development area, respectively. Attachment 2 designates the territory granted to the franchisee, while Attachment 3 specifies the development area for developers under a development agreement.
Since the FDD excerpts do not specify the contents of Attachment 1, it is essential for a prospective Crawlspace Medic franchisee to request a full copy of the Franchise Agreement, including all attachments, during their due diligence. This will allow them to thoroughly review and understand all aspects of the agreement before making a final decision.
Specifically, the franchisee should ask the franchisor to clarify what Attachment 1 covers and how it affects their rights and obligations under the Franchise Agreement. Understanding the details of all attachments is crucial for making an informed investment decision.