What is the Principal Executive's role in the on-site supervision of a Crown Gold Exchange Business?

According to the 2024 Crown Gold Exchange Franchise Disclosure Document, the Business must be under the on-site supervision of either the Principal Executive or a general manager who has completed Crown Gold Exchange's training program. The Principal Executive is the executive primarily responsible for the Business and has decision-making authority on behalf of the Franchisee.

The Principal Executive must have at least 10% ownership interest in Franchisee. However, the Principal Executive is not required to serve as a day-to-day general manager, but they must devote substantial time and attention to the Business.

If the Principal Executive dies, becomes incapacitated, transfers their interest, or otherwise ceases to be the executive primarily responsible, the Franchisee must promptly designate a new Principal Executive, subject to Crown Gold Exchange's reasonable approval. Crown Gold Exchange may also require the Principal Executive to complete further training programs at any time, in any format, and location determined by Crown Gold Exchange, for which a reasonable fee may be charged.