What agreement is attached as Exhibit C to the Desi District disclosure document?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
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If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Desi District outlets, on an agreed-upon schedule. For each
future unit franchise, we will require you to sign our then-current form of franchise agreement, which may be different from the form of franchise agreement included in this disclosure document.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 9–12)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, Exhibit C is the Multi-Unit Development Agreement. This agreement is relevant if a franchisee intends to develop multiple Desi District outlets.
Under a Multi-Unit Development Agreement, the franchisee commits to opening several Desi District locations based on a schedule agreed upon with the franchisor. For each individual franchise unit developed under this agreement, the franchisee will be required to sign Desi District's then-current franchise agreement.
It's important to note that the franchise agreement signed for each future unit may differ from the agreement included in the current disclosure document. This means that terms, fees, and obligations could change over the course of the development schedule. Prospective franchisees should carefully consider the implications of committing to multiple units and the possibility of future changes to the franchise agreement.