What is the dependency for reserving additional territories for a Crepe De Licious franchise?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
is Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns.
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- Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware.
IN WITNESS WHEREOF, the parties have executed this Agreement under seal, with the intent that this be a sealed instrument, as of the day and year first above written.
CREPE DELICIOUS HOLDING USA, INC. FORMER FRANCHISEE: NEW FRANCHISEE: Rev. 082418
EXHIBIT H-6
CREPE DE LICIOUS FRANCHISE
TERRITORY RESERVATION AGREEMENT AND RECEIPT
CREPE DE LICIOUS
TERRITORY RESERVATION AGREEMENT AND RECEIPT
[Prospective Franchisee Name] ("Prospective Franchisee") has communicated to Crepe Delicious Holding USA, Inc. ("Franchisor") its intent to purchase a Crepe de licious Franchise. Prospective Franchisee and Franchisor desire to enter into this Territory Reservation Agreement and Receipt ("Agreement") in order for Prospective Franchisee to reserve a territory for a Crepe de licious Franchise and Franchisor to acknowledge receipt of Prospective Franchisee's territory reservation fee ("Territory Reservation Fee"). A non-refundable Territory Reservation Fee of $10,000 is required to reserve such territory for purchase.
Franchisor hereby accepts the Territory Reservation Fee in the amount of $10,000 to secure a hold on the territory designated below until [Date], by which time the purchase of the Crepe de licious Franchise purchase is to be completed:
[Description of territory to be held]
Final territory definition will be based on the current population, geographic and demographic properties at the time of purchase. Any unreserved territory will remain available for sale to other franchisees.
Having paid the $10,000 Territory Reservation Fee with this Agreement, Prospective Franchisee will then pay the remaining balance of the initial franchise fee upon acceptance of the franchise agreement for the Crepe de l
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, reserving a territory requires entering into a Territory Reservation Agreement and paying a non-refundable Territory Reservation Fee of $10,000. This fee secures a hold on the designated territory until a specified date, by which the purchase of the Crepe De Licious franchise must be completed.
The final territory definition will be based on the current population, geographic, and demographic properties at the time of purchase. Any territory that is not reserved remains available for sale to other prospective franchisees. This means that the specific boundaries and characteristics of the territory are subject to change based on conditions at the time of the franchise agreement.
If the prospective franchisee does not sign a franchise agreement by the agreed-upon date, Crepe De Licious has the right to retain the entire Territory Reservation Fee as compensation for holding the territory. In this case, Crepe De Licious is then free to reserve or sell the territory to another potential franchisee. The prospective franchisee must also acknowledge that they have waited the required federal and state waiting periods, but no sooner than 14 calendar days after receiving the Franchise Disclosure Document, before signing the Territory Reservation Agreement and paying the fee.