What is the deadline for an Annex Brands franchisee to provide written notice of their intent to renew the franchise?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
enewal fee.
- B. NOTICES BY FRANCHISEE AND FRANCHISOR. If Franchisee desires to renew the Franchise on the 20-year anniversary of the execution date of this Agreement, Franchisee must give Franchisor written notice of his, her or their desire to renew the Franchise not more than 12 months and not less than 6 months prior to the 20-year anniversary of the execution date of this Agreement. Within 90 days after its receipt of such timely given notice, Franchisor will give Franchisee written notice of: 1) reasons which could cause Franchisor not to renew, including any deficiencies which require correction and a schedule for correction of the deficiencies by Franchisee; and 2) Franchisor's then-current requirements relating to the image, appearance, decoration, furnishing, equipping and stocking of new Centers operating under the designated brand.
If Franchisor believes there are grounds for non-renewal, Franchisor will give Franchisee written notice of its decision not to permit renewal of the Franchise at least 90 days prior to the 20-year anniversary of the execution date of this Agreement, which notice will specify the reasons for the decision not to permit renewal. If Franchisor gives such notice, and if the reasons given for
the decision are not curable or Franchisee fails to cure any reasons given that are curable, the term of the Franchise granted under this Agreement will expire on the 20-year anniversary of the execution date of this Agreement.
- C. RENEWAL AGREEMENT/RELEASES.
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, a franchisee who desires to renew their franchise for an additional 20-year term must provide written notice to Annex Brands. This notice must be given not more than 12 months and not less than 6 months prior to the 20-year anniversary of the franchise agreement's execution date.
Effectively, this means an Annex Brands franchisee needs to mark their calendar well in advance of their initial 20-year term expiring. Missing this notification window could jeopardize their opportunity to renew the franchise. It is crucial for franchisees to maintain accurate records of their agreement's execution date to ensure timely notification.
If the franchisee fails to provide timely notice of renewal, or fails to meet all the renewal conditions, the franchise term will not automatically expire on the 20-year anniversary. Instead, the franchise will continue until Annex Brands elects to terminate it, providing 60 days' prior written notice to the franchisee. This highlights the importance of adhering to the notification deadlines and renewal terms outlined in the franchise agreement.