factual

Under what condition can both parties mutually agree to terminate the Benjamin Franklin Plumbing agreement?

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 5.1 Mutual Agreement. The parties may terminate this Agreement at any time upon mutual agreement.

Source: Item 23 — RECEIPTS (FDD pages 88–312)

What This Means (2025 FDD)

According to the 2025 FDD, the Benjamin Franklin Plumbing franchise agreement can be terminated at any time if both the franchisor (UWIN) and the franchisee (Contractor) agree to do so. This is a standard clause in franchise agreements, allowing both parties to end the agreement if it is no longer beneficial or viable for either party.

This provision provides flexibility for both Benjamin Franklin Plumbing and its franchisees. If unforeseen circumstances arise or if the relationship between the franchisor and franchisee deteriorates, both parties have the option to mutually agree to terminate the agreement without resorting to legal action or disputes. This can be a more amicable and cost-effective way to end the franchise relationship.

However, it's important to note that mutual agreement requires both parties to be in accord. Benjamin Franklin Plumbing cannot force a franchisee to agree to termination, and vice versa. If one party does not agree, the termination cannot occur under this clause, and other termination clauses within the agreement would need to be considered.

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.