How does the definition of the 'Franchised Restaurant' in Item 8 relate to the obligations outlined in Item 9 for Crisp & Green?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
s." As used in this disclosure document, "Franchised Restaurant" means your franchised Restaurant that you will operate pursuant to the Franchise Agreement.
The first CRISP & GREEN® restaurant opened in November 2016 and is operated by our affiliate 755 E Lake Street LLC. We started to sell CRISP & GREEN® franchises in April 2018. Other than as described above, neither we, nor our Parent or any affiliates, has ever previously offered franchises for sale in any line of business. We have never owned and operated any Restaurants, and our sole business activity is to sell franchises for the operation of Restaurants.
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, a 'Franchised Restaurant' is defined as the restaurant that the franchisee will operate under the Franchise Agreement. This definition is important because it directly relates to the obligations outlined in the franchise agreement.
The obligations outlined in Item 9 of the Crisp & Green FDD are not explicitly detailed in the provided excerpts. However, Item 23 references the Franchise Agreement and states that the terms and conditions of the Franchise Agreement control the establishment and operation of the Franchised Restaurant once the Franchise Agreement is executed. This means that the definition of 'Franchised Restaurant' in Item 1 is the foundation upon which all obligations in the Franchise Agreement are built.
Prospective Crisp & Green franchisees should carefully review the Franchise Agreement to understand all obligations related to operating their Franchised Restaurant. This includes understanding the standards, specifications, techniques, and procedures that Crisp & Green designates, as well as any modifications to the System. Franchisees should also be aware of Crisp & Green's rights to operate or franchise other restaurants, including those that may compete with the franchisee's location.