What ancillary agreements might Aw franchisees be required to sign upon renewal?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
ny period of time necessary in order to provide you reasonable time to cure the deficiencies or to provide the six (6) month non-renewal notice required under this Agreement.
- 3.3 Renewal Agreement; Releases. To renew the franchise, the Company, you and your Owners must sign the then-current form of standard franchise agreement, which agreement will replace this Agreement in all respects, and which may contain royalty fees, advertising fees and other fees and provisions that differ from those contained in this Agreement; any ancillary agreements we are then customarily using in the grant or renewal of franchises for the operation
of Papa Ray's Pizza Restaurants (with appropriate modifications to reflect the fact that the agreement relates to the grant of a renewal franchise); and a general release, in a form satisfactory to us, of any and all claims against us and our affiliates, and our respective officers, directors, shareholders, employees, and agents.
Source: Item 22 — CONTRACTS (FDD pages 39–40)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, to renew the franchise, franchisees and their owners must sign the then-current form of standard franchise agreement. This new agreement will replace the original in all respects and may contain different royalty fees, advertising fees, and other fees and provisions.
In addition to the standard franchise agreement, franchisees must sign any ancillary agreements that Aw is then customarily using for new or renewal franchises. These ancillary agreements will be modified to reflect that the agreement relates to a renewal franchise. Franchisees must also sign a general release, in a form satisfactory to Aw, of any and all claims against Aw, its affiliates, and their respective officers, directors, shareholders, employees, and agents.
If either the franchisee or any of their owners refuse to sign these agreements and releases within 30 days after delivery, the franchisee will be deemed to have elected not to renew the franchise. This condition highlights the importance of carefully reviewing all renewal documents and understanding any changes in terms or obligations before making a decision.