Where can I find the number of Crisp & Green restaurants a developer is entitled to develop?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
1. GRANT OF DEVELOPMENT RIGHTS.
The following provisions control with respect to the rights granted under this Agreement:
- A. We grant to you, under the terms and conditions of this Agreement, the right to develop and operate the number of CRISP & GREEN restaurants identified in the Rider (the "Franchised Restaurants"), using the Marks and System and operating within the territory described in the Rider (the "Development Area").
- B. You agree to be bound by the "Development Schedule" set forth in the Rider. Time is of the essence for the development of each Franchised Restaurant under this Agreement and for the signing of each Franchise Agreement as set forth in the Development Schedule. Each Franchised Restaurant must be developed and operated by you under a separate Franchise Agreement that you enter into with us.
- C. Unless otherwise indicated in the Rider and except as set forth in Section D below or otherwise in this Agreement, if you are in compliance with this Agreement and any and all Franchise Agreement(s) you have with us, we will not develop or operate—or grant anyone else a franchise to develop and operate—a CRISP & GREEN Restaurant from any location
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the specific number of Crisp & Green restaurants a developer is entitled to develop is found in the Rider attached to the Development Agreement. The Development Agreement grants the developer the right to develop and operate the number of restaurants identified in this Rider, within a defined territory also specified in the Rider.
The Development Schedule, also included in the Rider, outlines the requirements for executing Franchise Agreements and the opening dates for each restaurant. It also specifies the cumulative number of restaurants that must be open and continuously operating in the Development Area. Failing to meet these requirements could lead to termination of the agreement or alteration of the Development Area at Crisp & Green's discretion.
It's important to note that the grant of development rights is subject to the developer's compliance with the Development Agreement and any Franchise Agreements. Crisp & Green retains rights to operate or franchise restaurants outside the Development Area and through alternative channels, potentially impacting the developer's business. The number of restaurants a developer can open is contingent on adhering to the Development Schedule and the terms outlined in the Rider.