How many Southern Steer businesses will I operate under the standard franchise agreement?

You will operate a single Southern Steer Business per Our standard franchise agreement attached to this Disclosure Document as Exhibit A ("Franchise Agreement"). 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.

We retain the right, in Our business judgment to award or not award a Southern Steer Business franchise or MUDA to You regardless of the stage of the franchise process, costs expended by You or otherwise.

Source: Item 1 — ITEM. 1 THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–9)