Does Crisp & Green require collateral from franchisees when extending credit terms?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
cellaneous. Sections 18.05, 18.07 and 18.08 are amended by adding the following:
Pursuant to Minn. Stat. § 80C.21 and Minn. Rules Part 2860.4400J, this section shall not in any way abrogate or reduce any rights of the franchisee as
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
Based on the 2024 Crisp & Green Franchise Disclosure Document excerpts provided, there is no information about whether Crisp & Green requires collateral from franchisees when extending credit terms. The excerpts focus on various aspects of the franchise agreement, including development fees, addendums for specific states, and general legal provisions.
Specifically, the excerpts discuss development fees, the franchisee's obligations, and addendums related to state laws in Virginia, Maryland, North Dakota, Rhode Island, Minnesota, and New York. These addendums primarily address modifications to clauses regarding termination, dispute resolution, and waivers of rights, ensuring compliance with local franchise laws. There is also a mention of reimbursing Crisp & Green for expenses incurred due to unsuccessful debit attempts, up to $30.
To fully understand Crisp & Green's policies on extending credit and whether they require collateral, prospective franchisees should directly ask the franchisor about their specific credit terms and conditions. This will help in making an informed decision about investing in a Crisp & Green franchise.