Can a Better Blend franchisee renew or extend the term of their franchise agreement?

According to Better Blend's 2024 Franchise Disclosure Document, the standard franchise agreement has a term of 10 years from the date of signing. A franchisee can obtain a successor franchise agreement for up to two additional 5-year terms. The Multi-Unit Development Agreement (MUDA) will expire when the last franchise is scheduled to open.

To renew the franchise agreement, Better Blend requires franchisees to provide advance notice, be compliant with all contractual obligations to Better Blend and third parties, renovate to then-current standards, sign the then-current form of franchise agreement and related documents (including personal guaranty), have not defaulted more than twice under the franchise agreement, complied with all requirements of ethics and values, pay a renewal fee, and sign a general release (unless prohibited by applicable law).

It is important to note that Better Blend may ask franchisees to sign a contract with materially different terms and conditions than their original contract upon renewal. If a franchisee continues to operate their Better Blend franchise after the expiration of the term without a renewal agreement, Better Blend can either terminate the operation at any time or deem the agreement renewed for a five-year term and collect the renewal fee. This highlights the importance of franchisees understanding and adhering to the renewal terms outlined in the franchise agreement to avoid potential disruptions or unexpected costs.