What is the term length for the proposed schedule of additional Amorino store development?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
Within 60 days prior to the expiration of the Term, if Company shall determine that further development of the Area Development Territory is desirable, Company shall notify Area Developer in writing of Company's determination to develop additional Stores in the Area Development Territory and its proposed schedule for such development over a five-year term. Subject to the conditions set forth in section 4.5 of this Agreement, Area Developer shall have a prior right to undertake the additional development which Company shall have set forth in its notice to Area Developer. This right of additional development by Area Developer shall be exercised only in accordance with Section 4.4 and is subject to the conditions set forth in Section 4.5. If such right of additional development is not exercised by Area Developer, Company or any Franchisee franchised by Company may construct, equip, open and operate additional Stores in the Area Development Territory. We agree that our proposal will be reasonable considering your compliance with the requirements under Section 4.5.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to the 2025 Amorino FDD, if Amorino determines that further development of the Area Development Territory is desirable, they will notify the Area Developer in writing of their determination to develop additional stores in the Area Development Territory and their proposed schedule for such development over a five-year term.
Within 60 days prior to the expiration of the initial Area Development Agreement term, Amorino will notify the Area Developer if they want to develop additional stores. The proposed schedule for this development will be for a five-year term. The Area Developer then has the first right to undertake this additional development, subject to certain conditions.
If the Area Developer does not exercise this right, Amorino or any franchisee franchised by Amorino can construct, equip, open, and operate additional stores in the Area Development Territory. Amorino agrees that their proposal will be reasonable considering the Area Developer's compliance with the requirements under Section 4.5 of the agreement.