How can a party designate a new address for 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 the 2024 Crown Gold Exchange FDD, any party can change their address for receiving notices by providing written notice of the new address. This notice must be delivered as specified in Section 18.9 of the franchise agreement.
To ensure the notice is effective, it must be in writing and delivered to the other party as outlined in the agreement. For the franchisee, the notice should be sent to the address listed on the Summary Page of the agreement. For Crown Gold Exchange, the address is 30352 Esperanza, Rancho Santa Margarita CA 92688. The notice becomes effective upon receipt or first rejection.
The acceptable methods of delivery include personal delivery, registered or certified U.S. mail with a return receipt requested, or via overnight courier. While Crown Gold Exchange may use electronic mail or other electronic communication to amend the Manual, provide notice of changes to System Standards, and deliver notices of default, these methods are not specified as acceptable for a franchisee to change their official address for all formal notices.