What is the agreement called that allows qualified candidates to develop additional Southern Steer Businesses within a designated geographic area?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
We also offer to qualified candidates, (subject to Our approval which may be withheld in Our sole determination), the opportunity to develop additional Southern Steer Businesses within a designated geographic area ("Development Territory"). You will be required to sign the multi-unit development agreement ("MUDA") attached to the Disclosure Document as Exhibit D at the same time You sign the Franchise Agreement for Your first Southern Steer Business. You will be required to open a minimum of three Southern Steer Business in Your Development Territory within a specified period of time ("Development Schedule"). You must sign a separate Franchise Agreement, in the then-current form used by Us which may differ in form from the franchise agreement in this offering, for each Southern Steer Business You develop under the MUDA.
Source: Item 1 — ITEM. 1 THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–9)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, qualified candidates have the opportunity to develop additional Southern Steer businesses within a designated geographic area. This opportunity is subject to Southern Steer's approval, which may be withheld at their discretion.
The agreement that facilitates this development is called the multi-unit development agreement, or MUDA. If approved, candidates are required to sign the MUDA at the same time they sign the Franchise Agreement for their first Southern Steer Business.
The MUDA mandates that the franchisee open a minimum of three Southern Steer businesses within their Development Territory within a specified timeframe, known as the Development Schedule. For each Southern Steer Business developed under the MUDA, a separate Franchise Agreement must be signed, and the form of this agreement may differ from the initial franchise agreement.