Under what circumstances can Annex Brands terminate the Sales Agency Agreement immediately?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor will have the right to terminate this Agreement immediately if Franchisee breaches any of the terms of this Agreement or any of the terms of the Franchise Agreement.
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to the 2025 FDD, Annex Brands has the right to terminate the Sales Agency Agreement immediately if the franchisee breaches any of the terms outlined in the Sales Agency Agreement or the Franchise Agreement.
This means that if a franchisee fails to meet their obligations or violates any conditions specified in either agreement, Annex Brands can terminate the Sales Agency Agreement without prior notice or a chance to rectify the breach. This could include failure to meet sales targets, violation of operational standards, or any other breach of contract.
Prospective franchisees should carefully review both the Sales Agency Agreement and the Franchise Agreement to fully understand their obligations and the potential consequences of failing to meet them. Understanding these terms is crucial to avoid actions that could lead to immediate termination of the Sales Agency Agreement by Annex Brands.