In what currency must all amounts payable to Cream or its affiliates be paid?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
we otherwise would debit from your business account on the next payment due date. We may change the timing
Source: Item 23 — RECEIPTS (FDD pages 61–192)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, all payments due to Cream or its affiliates must be made in United States Dollars ($USD). This requirement applies to all fees and other amounts the franchisee owes throughout the term of the franchise agreement.
This condition is standard in franchise agreements, particularly for franchises operating within the United States, as it simplifies financial transactions and reporting for both the franchisor and the franchisee. By specifying USD, Cream avoids potential complications related to currency exchange rates and fluctuations, which could affect the actual value of payments received.
For a prospective Cream franchisee, this means that all initial fees, royalties, brand fund contributions, and any other payments outlined in the franchise agreement must be remitted in U.S. dollars. Franchisees operating outside the United States will need to factor in currency conversion when budgeting and making payments to ensure compliance with the agreement.