factual

What agreement governs the operation of a Crisp & Green restaurant at the Premises, as referenced in the addendum?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

  • B. Tenant has agreed to use the Premises for the operation of a CRISP & GREEN restaurant pursuant to a franchise agreement, as same made by amended, modified, supplemented, replaced or restated (collectively hereinafter referred to as the "Franchise Agreement") with Crisp & Green Franchising LLC ("Franchisor").

Source: Item 23 — RECEIPTS (FDD pages 66–252)

What This Means (2024 FDD)

According to the 2024 Crisp & Green Franchise Disclosure Document, the operation of a Crisp & Green restaurant at the Premises is governed by a franchise agreement. The addendum to the lease agreement between the landlord and tenant (prospective franchisee) specifies that the tenant will use the premises to operate a Crisp & Green restaurant, and this operation is pursuant to the franchise agreement with Crisp & Green Franchising LLC. The franchise agreement can be amended, modified, supplemented, replaced, or restated.

This agreement ensures that the use of the Premises aligns with the Crisp & Green franchise standards. The landlord acknowledges that the operation of the Crisp & Green restaurant complies with any restrictions or covenants related to the use of the Premises and that no other party has conflicting contractual rights. This arrangement protects Crisp & Green's brand and operational consistency.

The addendum also addresses the possibility of assignment of the lease to Crisp & Green or its affiliates. If such an assignment occurs, Crisp & Green or its affiliate has the right to assign the lease or sublease the Premises to a franchisee, who must agree to operate the Premises under a franchise agreement with Crisp & Green. This clause provides Crisp & Green with flexibility in managing the location and ensuring continued operation under the franchise system.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.