What is Exhibit C of the Endless Summer Sweets disclosure document?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT C TO DISCLOSURE DOCUMENT
MULTI-UNIT DEVELOPMENT AGREEMENT
This Multi-Unit Development Agreement (this "MUDA") is made between Endless Summer Sweets Franchising, Inc. ("Franchisor") and , a ("Franchisee") on the Effective Date. Background Statement: On the same day as they executed this MUDA, Franchisor and Franchisee have into Franchise Agreement for the franchise of entered a a business (the "Franchise Agreement;" capitalized terms used but not defined in this MUDA have the meanings given in the Franchise Agreement). Franchisor and Franchisee desire that Franchisee multiple businesses. 1. Multi-Unit Commitment. (a) Development Schedule; Fee. Franchisee shall develop and open businesses on the following schedule:
Source: Item 23 — RECEIPTS (FDD pages 39–125)
What This Means (2024 FDD)
According to the 2024 Endless Summer Sweets Franchise Disclosure Document, Exhibit C is the Multi-Unit Development Agreement (MUDA). This agreement is made between Endless Summer Sweets Franchising, Inc. and the franchisee on the effective date.
The MUDA outlines the terms under which a franchisee commits to opening multiple Endless Summer Sweets businesses. It references a Franchise Agreement that both parties enter into on the same day, specifying that terms not defined in the MUDA will follow the meanings provided in the Franchise Agreement.
The agreement details the franchisee's commitment to a development schedule, including the number of businesses they must open and the associated fees. This exhibit is crucial for prospective franchisees interested in expanding the Endless Summer Sweets brand through multiple locations, as it sets the expectations and obligations for both the franchisor and franchisee in such ventures.