How far in advance must an Annex Brands franchisee notify Annex Brands of their intent to renew?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary | |
|---|---|---|---|
| (a) | Length of the franchise term | 2.A | 20 years. |
| (b) | Renewal or extension of the term | 14.A | An additional 20-year term. |
| (c) | Requirements for you to renew or extend | 14.A to C | Substantially comply with franchise agreement and all other agreements with us or our affiliates; notify us of intent to renew 6-12 months before 20-year anniversary of execution of franchise agreement; show evidence of right to possess site, or secure approved substitute site; fully comply with specifications and standards for franchised businesses; sign general release; sign then current franchise agreement and related agreements; pay renewal fee. At the expiration of the term, if you seek to renew your franchise, you may be asked to sign a new franchise agreement that contains terms and conditions materially different from those in your previous franchise agreement, such as different fee requirements and territorial rights. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 71–74)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, a franchisee must notify Annex Brands of their intent to renew the franchise agreement between 6 and 12 months before the 20-year anniversary of the franchise agreement's execution. The initial franchise term is 20 years, and renewal grants an additional 20-year term.
To qualify for renewal, the franchisee must substantially comply with the franchise agreement and all other agreements with Annex Brands or its affiliates. They must also show evidence of the right to possess the site or secure an approved substitute site and fully comply with the specifications and standards for franchised businesses.
Additionally, the franchisee must sign a general release and the then-current franchise agreement and related agreements, as well as pay a renewal fee. The new franchise agreement may contain terms and conditions materially different from the previous agreement, including different fee requirements and territorial rights. Failure to provide timely notice of intent to renew is also listed as a non-curable default that can lead to termination of the franchise.