When are notices effective 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 will be effective only if it is made in writing and delivered as specified in Section 18.9 of the agreement. For notices to the franchisee, it must be addressed to the franchisee at the notice address set forth in the Summary Page. For notices to Crown Gold Franchising, it must be addressed to 30352 Esperanza, Rancho Santa Margarita CA 92688. However, Crown Gold Franchising can deliver notices of default by electronic mail or other electronic communication.
Notices are considered effective upon receipt or first rejection. The delivery methods must be one of the following: delivered personally, sent by registered or certified U.S. mail with return receipt requested, or sent via overnight courier.
This means a Crown Gold Exchange franchisee must ensure their contact information on the Summary Page is always up-to-date to receive important notices. Similarly, Crown Gold Franchising must adhere to these guidelines when sending official notices to franchisees, except for amendments to the Manual, changes to System Standards, and notices of default, which can be delivered electronically. This ensures both parties have a clear and documented method of communication for contractual matters.