What is the 'Franchised Business' referring to in the Crepe De Licious assignment agreement?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.02 Desire to Franchise. You desire, upon the terms and conditions set forth in this Agreement, to obtain a license to use the System and Marks in the establishment and operation of a Crepe de licious unit ("Restaurant, Kiosk, or Food Truck") to engage in the business of making and selling some or all of the following: crepe-based dishes and other specialty food items, gelato, beverage items and other items ("Franchised Business"). We are willing, upon the terms and conditions set forth herein, to license you to establish and operate the Franchised Business using the Marks and the System in a Restaurant, Kiosk, or Food Truck at an approved location. Unless the context indicates otherwise, capitalized terms have the meaning ascribed to them in this Agreement.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the 'Franchised Business' refers to the business of making and selling crepe-based dishes and other specialty food items, gelato, beverage items, and other related items. This is the core offering of a Crepe De Licious unit, whether it's a restaurant, kiosk, or food truck.
For a prospective franchisee, understanding this definition is crucial as it outlines the scope of the business they are licensed to operate. It defines the products they are expected to offer and the overall nature of the Crepe De Licious business. This definition is important in understanding the limitations and expectations set forth in the franchise agreement.
The agreement specifies that the franchisee is granted a license to use the Crepe De Licious System and Marks to operate this Franchised Business. This means the franchisee must adhere to the franchisor's standards and guidelines in offering these specific products. The definition also clarifies that the Franchised Business operates within an approved location, be it a Restaurant, Kiosk, or Food Truck, further defining the operational parameters for the franchisee.