Does the Crepe De Licious FDD include a proposed Area Developer Agreement as an exhibit?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
The following exhibits contain proposed agreements regarding the Franchise:
Exhibit B Exhibit C Franchise Agreement Area Developer Agreement
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, a proposed Area Developer Agreement is included as an exhibit. Specifically, Exhibit C contains the proposed Area Developer Agreement. This agreement outlines the terms and conditions under which an area developer can obtain development rights to open and operate Crepe De Licious restaurants and kiosks within a specified area.
For a prospective area developer, this agreement is crucial as it defines the scope of their development rights, including the number of restaurants they are obligated to develop, the designated development area, and the support and assistance they can expect from Crepe De Licious. The agreement also details the obligations and responsibilities of the area developer, such as adhering to the Crepe De Licious system and maintaining the brand's standards.
It is important for potential area developers to carefully review the Area Developer Agreement to understand their rights and obligations, as well as the franchisor's rights and reserved powers. This includes understanding the development schedule, the defined development area, and any conditions or limitations on their ability to operate within that area. Additionally, prospective developers should pay close attention to the conditions under which the agreement can be terminated and the implications of such termination.
In summary, the inclusion of the Area Developer Agreement as an exhibit in the Crepe De Licious FDD provides transparency and allows potential area developers to fully understand the contractual obligations and opportunities associated with developing the Crepe De Licious brand in a specific territory.