What is the term length of the Batteries Plus Bulbs agreement, assuming no earlier termination?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
Subject to earlier termination as provided herein, this Agreement is for a term commencing on the date executed and expiring on the last day of the last Development Period as stated in the Development Schedule.
Source: Item 22 — Contracts (FDD page 80)
What This Means (2025 FDD)
According to the 2025 Batteries Plus Bulbs Franchise Disclosure Document, the franchise agreement's term commences on the execution date and extends until the last day of the final Development Period, as specified in the Development Schedule. This duration is subject to earlier termination as outlined in the agreement.
For a prospective franchisee, this means the length of the franchise agreement is tied to the Development Schedule. The Development Schedule outlines the period during which the franchisee is expected to develop and open their Batteries Plus Bulbs store. The agreement remains in effect for as long as this development period lasts, unless conditions arise that trigger an earlier termination as detailed in other sections of the franchise agreement.
It is important for potential franchisees to carefully review the Development Schedule and understand their obligations for opening the store within the specified timeframe. Failing to meet these obligations could lead to termination of the agreement. Additionally, franchisees should be aware of the conditions under which the agreement can be terminated early, as this could impact the overall term of the franchise.