What is the condition for Crisp & Green to insert the address into Exhibit B?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
3.02 Selection of Premises. If we have approved a location for the Franchised Restaurant before or concurrently with the execution of this Agreement, the Premises will be set forth on Exhibit B. If we and you have not agreed upon an approved location for the Franchised Restaurant before signing this Agreement, then you are responsible for selecting the site for the Franchised Restaurant within the Preliminary Designated Area set forth on Exhibit B. You agree to obtain our written approval of the Franchised Restaurant's proposed site before signing any lease, sublease, purchase contract or other document for the site (the "site acquisition documents").
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, the address of the franchised restaurant, or the Premises, will be included in Exhibit B if Crisp & Green has approved the location either before or at the same time the Franchise Agreement is executed.
If an approved location has not been agreed upon by the time the Franchise Agreement is signed, the franchisee is responsible for selecting a site within the Preliminary Designated Area, which is also outlined in Exhibit B. However, the franchisee must obtain written approval from Crisp & Green for the proposed site before signing any site acquisition documents such as a lease or purchase contract.
This means that a prospective Crisp & Green franchisee needs to either have a location approved by Crisp & Green prior to signing the agreement, or they must find a location within the designated area and get it approved by Crisp & Green before finalizing any agreements to acquire the site. This ensures that the location meets Crisp & Green's standards and criteria.