Where is the Crawlspace Medic Development Area set forth?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisor hereby grants to Developer, and the Developer hereby accepts from the Franchisor, on the terms and conditions set forth in this Agreement, which includes, but is not limited to, the execution of a Franchise Agreement pursuant to Section 4.1 hereof, the right to develop, construct, open and operate one (1) Crawlspace Medic outlet within the Development Area set forth in Attachment 3.
Developer shall be granted rights to establish additional Crawlspace Medic outlets in the Development Area, up to the total number of outlets set forth in the Mandatory Development Schedule set forth in Section 5.2 hereof, subject to Developer's full compliance with all conditions precedent to the grant of such rights outlined below, which rights shall be exercised in accordance with Section 4.1 hereof.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the Development Area, which defines the territory where a developer can establish Crawlspace Medic outlets, is detailed in Attachment 3 of the Multi-Unit Development Agreement. Specifically, the agreement grants the developer the right to develop, construct, open, and operate Crawlspace Medic outlets within this designated Development Area, subject to the terms and conditions outlined in the agreement, including the execution of a Franchise Agreement. The developer's rights to establish additional Crawlspace Medic outlets within the Development Area are contingent upon full compliance with all conditions precedent to the grant of such rights.
Attachment 3 is a crucial component of the agreement as it defines the geographic scope of the developer's expansion rights. This area dictates where the developer can build and operate multiple Crawlspace Medic franchises, up to the total number of outlets specified in the Mandatory Development Schedule. The agreement also explicitly reserves all rights to businesses outside of those specified in the agreement to the Franchisor, both within and outside the designated territory.
Prospective developers should carefully review Attachment 3 to fully understand the geographic boundaries of their Development Area and any potential limitations or restrictions on their expansion rights. They should also be aware that the Franchisor retains rights to other business opportunities within or outside the territory, ensuring they understand the full scope of their developmental rights and the Franchisor's retained rights.