What methods are acceptable for delivering notices under the Crown Gold Exchange agreement?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
- 18.9 Notices. Any notice will be effective under this Agreement only if made in writing and delivered as set forth in this Section to: (A) if to Franchisee, addressed to Franchisee at the notice address set forth in the Summary Page; and (B) if to Crown Gold Franchising, addressed to 30352 Esperanza, Rancho Santa Margarita CA 92688.
Any party may designate a new address for notices by giving notice of the new address pursuant to this Section.
Notices will be effective upon receipt (or first rejection) and must be: (1) delivered personally; (2) sent by registered or certified U.S. mail with return receipt requested; or (3) sent via overnight courier.
Notwithstanding the foregoing, Crown Gold Franchising may amend the Manual, give binding notice of changes to System Standards, and deliver notices of default by electronic mail or other electronic communication.
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, any notice under the franchise agreement must be in writing and delivered to the franchisee's notice address on the Summary Page or to Crown Gold Franchising at 30352 Esperanza, Rancho Santa Margarita CA 92688. Either party may designate a new address for notices by providing notice of the new address.
Effective delivery requires receipt (or first rejection) via: personal delivery; registered or certified U.S. mail with return receipt requested; or overnight courier. However, Crown Gold Franchising has additional latitude.
Specifically, Crown Gold Exchange can amend the Manual, give binding notice of changes to System Standards, and deliver notices of default by electronic mail or other electronic communication. This creates a distinction in notification methods between the franchisee and franchisor, granting Crown Gold Exchange more flexibility.