International Franchise Agreements
Letter of Intent (LOI): This non-binding letter outlines our understanding of the territory and number of units to be developed. A deposit is required upon execution of the letter of intent. The deposit will be credited against the Area Development Fee which is due whenever a Master Franchise and Development Agreement is signed.
Master Franchise and Development Agreement (MFDA): This binding agreement sets forth all development rights and obligations including the territory and minimum development schedule. It also governs the term and operations of restaurants.