What is the name of the agreement used for multi-unit development 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 su
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 agreement used for multi-unit development is called the "Multi-Unit Development Agreement" which is abbreviated as "MUDA".
If a prospective franchisee is interested in developing multiple Crown Gold Exchange outlets, they must sign a MUDA with the franchisor. This agreement outlines the terms and conditions for developing multiple locations, including a mutually agreed-upon schedule for establishing additional outlets.
The FDD specifies that the MUDA is attached as Exhibit C to the disclosure document. This indicates that prospective franchisees can review the full terms of the agreement before making a commitment. The right to develop additional outlets under the MUDA is contingent upon complying with the development schedule and maintaining sufficient capital.