What must the 'New Franchisee' desire to do with the Franchised Business 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 the 2025 Crepe De Licious Franchise Disclosure Document, a new franchisee must desire to obtain a license to use the Crepe De Licious system and marks to establish and operate a Crepe De Licious unit (Restaurant, Kiosk, or Food Truck). This unit will engage in the business of making and selling crepe-based dishes, specialty food items, gelato, beverage items, and other related products, which is referred to as the 'Franchised Business'.
This indicates that the new franchisee is seeking the rights and permissions necessary to run a Crepe De Licious franchise, utilizing the established brand, operational methods, and intellectual property of Crepe De Licious. The agreement outlines that Crepe De Licious is willing to grant this license, allowing the franchisee to operate under their system and brand at an approved location.
For a prospective franchisee, this highlights the core purpose of entering into a franchise agreement with Crepe De Licious: to gain the right to operate a business using their established system and brand. It also specifies the types of products that the franchisee will be authorized to sell as part of the Franchised Business. This arrangement provides the franchisee with a structured business model and brand recognition, while Crepe De Licious expands its brand presence and collects franchise fees and royalties.