Where is the Crawlspace Medic territory designated?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
NOW, THEREFORE, the parties, in consideration of the promises, undertakings and commitments of each party to the other set forth herein, and intending to be legally bound 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
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, the specific territory granted to a franchisee is designated in Attachment 2 of the franchise agreement. The franchise agreement grants the franchisee the right to operate their Crawlspace Medic business at a single location within this designated territory.
Crawlspace Medic assures that neither they nor any other franchisee will operate a franchised location within the franchisee's territory using the same trademarks, as long as the franchisee remains in compliance with the agreement. However, Crawlspace Medic retains the right to open, operate, or franchise other locations around, bordering, and adjacent to the franchisee's territory. The franchisee is expected to sell products and services from a location within their territory and provide services to customers within that territory.
It is important to note that all rights to businesses not explicitly granted in the agreement are reserved to Crawlspace Medic, both within and outside the franchisee's territory. This includes the right to offer other products or services, other crawlspace or basement care concepts, and products or services through alternative channels such as the Internet. Franchisees will not receive compensation for Crawlspace Medic's sales through these alternative distribution channels within their territory.
To maintain the territory, the franchisee must meet certain minimum performance requirements for revenue per year of the agreement. These requirements are not specified in this section, but franchisees should be aware that their continued exclusive rights to the territory are contingent upon meeting these performance benchmarks.