What parties must sign the renewal agreement for an Aw franchise?
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 agreement, the company (Aw), the franchisee, and the franchisee's owners must sign the then-current form of the standard franchise agreement. This new agreement will replace the original agreement in all respects and may contain different royalty fees, advertising fees, and other provisions.
In addition to the standard franchise agreement, the franchisee and their owners must also sign any ancillary agreements that Aw is then using for new or renewal franchises for Papa Ray's Pizza Restaurants, with modifications to reflect that the agreement is for a renewal franchise. They 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.
The document specifies that if either the franchisee or any of their owners refuse to sign these agreements and releases within 30 days after their delivery, the franchisee will be deemed to have elected not to renew the franchise. This requirement ensures that all parties are in agreement with the new terms and conditions before the franchise is renewed.