factual

What is the Benjamin Franklin Plumbing franchisee required to pay simultaneously with the execution of the Renewal Addendum?

Q: What is the Benjamin Franklin Plumbing franchisee required to pay simultaneously with the execution of the Renewal Addendum?

3. Renewal Fee. Simultaneously with the execution of this Addendum, Franchisee shall pay Franchisor a renewal fee in the amount of, as described in the Prior Agreement. Source: Item 22 — CONTRACTS (FDD pages 87–88)

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer from 2025 FDD Document

Renewal Fee. Simultaneously with the execution of this Addendum, Franchisee shall pay Franchisor a renewal fee in the amount of, as described in the Prior Agreement.

Source: Item 22 — CONTRACTS (FDD pages 87–88)

What This Means (2025 FDD)

According to the 2025 Benjamin Franklin Plumbing Franchise Disclosure Document, a franchisee must pay a renewal fee to the franchisor when executing the Renewal Addendum. The specific amount of this renewal fee is detailed in the Prior Agreement, meaning the franchise agreement that is being renewed. Therefore, the franchisee needs to refer to their previous agreement to determine the exact renewal fee amount due upon signing the addendum.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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