Where in the Mrcool Multi-Unit Development Agreement can I find the definition of 'Development Area'?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
"Development Area" shall have the meaning defined and set forth in Section 2.1 of this Agreement.
SECTION 2 DEVELOPMENT RIGHTS
2.1 DEVELOPMENT GRANT AND DEVELOPMENT OBLIGATIONS
The Development Area is and shall constitute the geographic area set forth and identified in the Development Information Sheet.
The Development Information Sheet is attached as Schedule A to this Agreement and is incorporated into and made a part of this Agreement. To be effective the Development Information Sheet must be completed and signed by Franchisor.
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, the definition of 'Development Area' can be found in Section 2.1 of the Multi-Unit Development Agreement. This section outlines the development grant and obligations for the franchisee.
Specifically, Section 2.1 states that the 'Development Area' is the geographic area set forth and identified in the Development Information Sheet. This sheet is attached as Schedule A to the agreement and is incorporated into the agreement, requiring completion and signature by Mrcool to be effective.
This means that a prospective Mrcool franchisee looking to understand the scope of their development rights and obligations needs to carefully review both Section 2.1 of the Multi-Unit Development Agreement and Schedule A, the Development Information Sheet, to fully understand the defined geographic area they are responsible for developing. The Development Information Sheet will contain the specific geographic boundaries of the 'Development Area'.