factual

Does Crown Gold Exchange assume any liability regarding the leased premises by executing the rider?

Crown_Gold_Exchange Franchise · 2024 FDD

Answer from 2024 FDD Document

    1. No Liability. By executing this Rider, Franchisor does not assume any liability with respect to the Leased Premises or any obligation as Tenant under the Lease.

Source: Item 22 — CONTRACTS (FDD pages 38–39)

What This Means (2024 FDD)

According to Crown Gold Exchange's 2024 Franchise Disclosure Document, by executing the Rider to Lease Agreement, Crown Gold Exchange does not assume any liability with respect to the leased premises. Furthermore, Crown Gold Exchange does not take on any obligation as the tenant under the lease.

However, if the Franchise Agreement or the Lease expires or terminates, or if the tenant's right of possession of the leased premises ends, Crown Gold Exchange or its designee has the right to enter the leased premises after giving reasonable notice to the landlord. This is to remove signs and other materials bearing Crown Gold Exchange's brand name, trademarks, and commercial symbols.

It is important to note that Crown Gold Exchange will be liable to the landlord for any damage that Crown Gold Exchange or its designee causes during the removal of these items. This clarifies that while Crown Gold Exchange doesn't assume general liability for the leased premises by executing the rider, it is responsible for damages caused during the removal of its branding and materials upon termination or expiration of the agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.