Under what conditions can a Golden Corral User amend Schedule '1'?
Golden_Corral Franchise · 2025 FDDAnswer from 2025 FDD Document
Schedule "1" may be amended at any time so long as User is not in default under this Agreement or any other agreement between User and GCC or its affiliates, by User executing and delivering a revised Schedule "1" and paying the prorated amount of the Monthly Service Fee with respect to any restaurant to be added as a Covered Location; and upon any termination of this Agreement by User as to any one or more Covered Locations Schedule "1" will be deemed amended accordingly.
Source: Item 23 — RECEIPTS (FDD pages 85–304)
What This Means (2025 FDD)
According to Golden Corral's 2025 Franchise Disclosure Document, Schedule '1' can be amended under specific conditions related to the franchisee's compliance and changes to covered locations. Schedule '1' lists the Golden Corral restaurants covered under the agreement.
The franchisee, referred to as the User, can amend Schedule '1' at any time if they are not in default under the agreement or any other agreement with Golden Corral or its affiliates. This means the franchisee must be current on all payments and in compliance with all terms and conditions of their agreements with Golden Corral.
The amendment process involves the franchisee executing and delivering a revised Schedule '1'. This is required when adding a restaurant as a covered location. The franchisee must also pay a prorated amount of the Monthly Service Fee for any restaurant being added. Additionally, Schedule '1' will be automatically amended upon any termination of the agreement by the franchisee regarding one or more covered locations.