Under what circumstances can Annex Brands terminate the International Ocean Program Sales Agency Agreement immediately?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
hise agreement. This Agreement will automatically terminate on expiration, termination or non-renewal of the franchise granted under your franchise agreement. We may cancel your passwords and otherwise suspend your access to our Intranet at any time if we give you written notice that you are in default of this Agreement or your franchise agreement
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the International Ocean Program Sales Agency Agreement will automatically terminate if the underlying Franchise Agreement expires, is terminated, or is not renewed. Additionally, Annex Brands has the right to terminate the Sales Agency Agreement immediately if the franchisee breaches any terms of either the Sales Agency Agreement itself or the overarching Franchise Agreement.
For a prospective Annex Brands franchisee, this means that the International Ocean Program Sales Agency Agreement is directly tied to the status of their Franchise Agreement. If the franchisee fails to maintain the Franchise Agreement in good standing, their ability to participate in the international ocean program is immediately jeopardized.
This clause underscores the importance of adhering to all contractual obligations outlined in both the Franchise Agreement and the Sales Agency Agreement. Any breach, no matter how small it may seem, could lead to immediate termination of the Sales Agency Agreement and potential loss of revenue from the international ocean program. Franchisees should carefully review both agreements and seek legal counsel to fully understand their rights and responsibilities.