What are the site acquisition documents for a Crisp & Green Restaurant?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
3.03 Purchase or Lease of Premises. We have the right to approve the terms of any site acquisition documents for the Premises. You must deliver to us a copy of the proposed site acquisition document. Within ten (10) days after our approval of the proposed site acquisition document, you must provide us with (1) a fully signed site
acquisition document and (2) the franchise addendum to lease agreement attached hereto as Exhibit C, which contains certain required terms and provisions of the site acquisition document, fully executed by you and the landlord. You may not modify the terms of the site acquisition document or franchise addendum to lease agreement without our approval. Our approval of the site acquisition document does not constitute a warranty or representation of any kind, express or implied, as to its fairness or suitability or as to your ability to comply with its terms. We do not, by virtue of approving the site acquisition document, assume any liability or responsibility to you or to any third parties.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the franchisor has the right to approve the terms of any site acquisition documents for the premises of a franchised restaurant. The franchisee is required to provide Crisp & Green with a copy of the proposed site acquisition document for their approval.
Within ten days of Crisp & Green's approval, the franchisee must submit a fully signed site acquisition document, along with the franchise addendum to lease agreement (Exhibit C), which contains specific required terms and provisions, fully executed by both the franchisee and the landlord. The franchisee is not allowed to change the terms of either the site acquisition document or the franchise addendum to lease agreement without prior approval from Crisp & Green.
The document clarifies that Crisp & Green's approval of the site acquisition document does not provide any warranty or representation regarding its fairness, suitability, or the franchisee's ability to comply with its terms. Furthermore, Crisp & Green assumes no liability or responsibility to the franchisee or any third parties through the approval of the site acquisition document. This indicates that the franchisee bears the ultimate responsibility for ensuring the suitability and legality of the site acquisition documents.