What are the franchisee's obligations upon termination or non-renewal of the Better Blend franchise agreement?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Section in franchise | Summary |
|---|---|---|
| i. Franchisee’s obligations | Pay all amounts due; return Manual and | |
| on termination/non- | ||
| renewal | proprietary items; cancel assumed names; cancel or transfer phone, post office boxes, directory listings and digital marketing accounts; cease doing business; remove identification; purchase option by us. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 34–38)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, upon termination or non-renewal of the franchise agreement, a franchisee has several obligations. These include paying all outstanding amounts owed to Better Blend. The franchisee must also return the Better Blend Operations Manual and any other proprietary items that belong to the franchisor.
Additionally, the franchisee is required to cancel any assumed names used in the operation of the Better Blend business. They must also cancel or transfer phone numbers, post office boxes, directory listings, and digital marketing accounts associated with the franchise. The franchisee must cease operating the Better Blend business and remove any branding or identification that indicates it is a Better Blend franchise.
Finally, Better Blend retains the option to purchase the franchisee's business assets upon termination or non-renewal. These obligations are fairly standard in the franchise industry, as they protect the franchisor's brand and ensure a smooth transition when a franchise agreement ends.