What obligation does the Area Developer undertake when granted development rights for Crepe De Licious?

According to the 2025 Crepe De Licious Franchise Disclosure Document, when Crepe De Licious grants development rights to an Area Developer, the Area Developer is obligated to develop no less than the number of Crepe De Licious Restaurants as outlined in Exhibit A of the Area Development Agreement. This obligation is subject to the terms and conditions specified in the agreement.

This means that a prospective Area Developer must commit to a specific development schedule and number of restaurants to be opened within a defined territory. This commitment is legally binding, and failure to meet the development schedule could result in penalties or termination of the agreement. The specific number of restaurants and the development timeline are detailed in Exhibit A, which is a critical document for any potential Area Developer to review carefully.

It is important for prospective Area Developers to fully understand the development schedule and their ability to meet the required milestones. They should assess their financial resources, operational capabilities, and market knowledge to ensure they can fulfill the obligations outlined in the Area Development Agreement. Failing to meet these obligations can lead to the loss of development rights and potential financial penalties, as well as the forfeiture of area development fees paid to Crepe De Licious.