Where is the development schedule for Crepe De Licious restaurants specified in the Area Development Agreement?

According to the 2025 Crepe De Licious Franchise Disclosure Document, the development schedule for Franchised Restaurants is detailed in Paragraph 1 of Exhibit A within the Area Development Agreement. This schedule outlines the deadlines by which an Area Developer must execute Franchise Agreements for each restaurant they plan to develop. The agreement emphasizes that adhering to this Development Schedule is essential, as time is of the essence. The Area Developer is responsible for identifying and securing suitable sites for each Crepe De Licious restaurant, following the guidelines provided in the Franchise Agreement and the manuals.

The Development Schedule specifies the minimum cumulative number of Franchise Agreements that must be in place for restaurants operating within the Development Area by certain dates. The expiration date of the Area Development Agreement is linked to the final Franchise Agreement's execution, ensuring compliance with the Development Schedule. This schedule is crucial for the Area Developer to meet their obligations and maintain the rights to their designated Development Area.

Prospective Area Developers should carefully review Exhibit A and the Development Schedule to fully understand their obligations and the timeline for opening new Crepe De Licious locations. Failing to meet these deadlines could result in a breach of the Area Development Agreement. The franchisor retains rights to establish or license others outside the Development Area, so maintaining compliance is vital for protecting the Area Developer's exclusive rights within their territory.