Where can I find the Multi-Unit Development Agreement form for Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
You do not have the right to establish additional franchised outlets unless you sign a Multi-Unit Development Agreement ("MUDA") in the form attached as Exhibit C to this disclosure document. If you and we sign a MUDA, then you will have the right to establish a mutually-agreed number of additional outlets on a mutually-agreed schedule. Under the MUDA, your right to develop additional outlets is subject to (1) you must comply with the mutually-agreed development schedule, (2) you must have sufficient financial and organizational capacity to develop, open, operate, and manage each additional Crown Gold Exchange business, (3) you must be in compliance with all brand requirements at your open Crown Gold Exchange business(es), and (4) you must not be in default under any other agreement with us. We will approve the location of future sites and territories for those sites, and our then-current standards for sites and territories will apply. You are not obligated to develop additional outlets under the MUDA, and you may terminate it any time without penalty. If you do not meet your development schedule in the MUDA, we have the right to terminate your right to develop additional outlets.
Source: Item 5 — INITIAL FEES (FDD pages 9–10)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the Multi-Unit Development Agreement (MUDA) form is attached as Exhibit C. This agreement allows a franchisee to develop multiple Crown Gold Exchange outlets based on a mutually agreed-upon schedule.
Under the MUDA, the franchisee's right to develop additional outlets is contingent upon several factors. These include compliance with the development schedule, sufficient financial and organizational capacity to manage each new Crown Gold Exchange business, adherence to brand requirements at existing locations, and remaining in compliance with all agreements with Crown Gold Exchange.
While franchisees are not obligated to develop additional outlets under the MUDA and can terminate it without penalty, Crown Gold Exchange retains the right to terminate the franchisee's development rights if the development schedule is not met. The franchisor's then-current standards for sites and territories will apply to future locations, and Crown Gold Exchange must approve these locations.