What is the document called that a Beard Papas franchisee must sign to renew their franchise agreement?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
(5) Franchisee pays the Renewal Fee and Franchisee agrees to, signs, and delivers to Franchisor, within 30 days of the date of delivery by Franchisor to Franchisee, Franchisor's then current form Shop Franchise Agreement for the Renewal Term (the "Renewal Franchise Agreement");
(6) Franchisee's Owners and their Spouses, respectively, must agree to, sign, and deliver to Franchisor, within 30 days of the date of delivery by Franchisor to Franchisee, Franchisor's then current individual guaranty agreements, and, thereby, among other things, individually and jointly guarantee the full and complete performance of the Renewal Franchise Agreement including, but not limited to, payment obligations, non-compete obligations, and restrictive covenants (the "Renewal Ancillary Agreements");
(7) Franchisee and the Owners must, prior to the Renewal Term, undertake and complete, to Franchisor's satisfaction, such additional training, if any, as designated and determined by Franchisor in Franchisor's Reasonable Business Judgment; and
(8) Franchisee and the Owners must agree to, sign, and deliver to Franchisor, within 30 days of the date of delivery by Franchisor to Franchisee, Franchisor's then current form of general release whereby Franchisee and Franchisee's Owners shall each fully release and discharge Franchisor, Franchisor's affiliates and it's officers, directors, shareholders, partners, agents, representatives, independent contractors, servants, employees, successors and assigns from any and all claims, causes of action, and suits arising from and/or related to this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, a franchisee must sign the "Renewal Franchise Agreement" to renew their franchise. The franchisee must agree to, sign, and deliver this agreement to Beard Papas within 30 days of receiving it from the franchisor. This agreement is the then-current form Shop Franchise Agreement for the Renewal Term.
In addition to the Renewal Franchise Agreement, the franchisee's owners and their spouses must also sign and deliver "Renewal Ancillary Agreements" to guarantee the performance of the Renewal Franchise Agreement. Franchisees and owners must also agree to, sign, and deliver a general release to Beard Papas, releasing them from any claims related to the original agreement.
Furthermore, prior to the renewal term, franchisees and owners may be required to complete additional training as determined by Beard Papas. These requirements ensure that the franchisee is up-to-date with Beard Papas's current standards and practices, and that all parties are in agreement regarding the terms of the renewal.