What is the name of the agreement that Crisp & Green Franchisee and Franchisor are parties to?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
t 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").
- C. The parties desire to modify and supplement the Lease in accordance with the terms and conditions contained in this Addendum.
AGREEMENT
NOW THEREFORE, in consideration of the promises hereinafter contained, the sufficiency of which is hereby acknowledged by the parties hereto, Landlord and Tenant agree as follows notwithstanding anything contained in the Lease to the contrary:
-
- Remodeling and Décor. Landlord agrees to allow Tenant to remodel, equip, paint and decorate the interior of the Premises and to display proprietary marks and signs on the interior and exterior of the Premises pursuant to the Franchise Agreement.
-
- Restrictive Covenants.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, the franchisee and franchisor are parties to a 'Franchise Agreement'.
Additionally, if the franchisee is developing an area, they may also be party to an 'Area Development Agreement'. For franchisees in specific states like Minnesota, North Dakota, and Washington, there are addenda to the Area Development Agreement that address specific state laws and regulations. For example, the Minnesota addendum ensures that the franchise complies with Minnesota statutes regarding termination and nonrenewal rights.
Furthermore, prior to signing a Franchise Agreement, a prospective franchisee may sign a 'Letter of Intent' with Crisp & Green. This letter outlines terms related to the franchisee's application and the temporary reservation of a designated area, contingent on a background check.