How long does All States M.E.D. have to approve the franchisee's location?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee must secure a location within 90 days. Franchisor shall have a period of 10 days to approve such location, and Franchisee must sign the lease within 15 days following our approval of such location. If this Agreement is terminated according to this Section 5.4, Franchisor shall retain the entire Franchise Fee paid by Franchisee. The Franchise Fee retained shall be specifically understood and agreed by the parties to be in consideration of the services provided, time expended, work performed, and other efforts of Franchisor up to the date of Franchisee's failure to timely commence operations of the Franchised Business and shall not be construed as nor considered to be a penalty.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, once a franchisee secures a location, All States M.E.D. has 10 days to approve it. The franchisee then has 15 days following the approval to sign the lease.
This timeline is important for prospective franchisees to consider, as failure to meet these deadlines can result in the termination of the franchise agreement. Specifically, the franchisee must commence operations within 300 days of the effective date of the agreement, and secure a location within 90 days.
If the franchisee fails to open the Franchised Business within 300 days of the effective date, All States M.E.D. has the right to terminate the agreement and retain the entire franchise fee. This fee is understood to be compensation for services provided, time expended, work performed, and other efforts by All States M.E.D. up to the point of the franchisee's failure to commence operations.