When does the Multi-Unit Development Agreement (MUDA) expire for Better Blend franchisees?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
the agreements attached to this disclosure document.**
| Provision | Section in franchise | Summary |
|---|---|---|
| or other agreement | ||
| a. Length of the franchise term | Franchise | The term of the franchise agreement is 10 years from date of signing. The MUDA will expire on the date that your last franchise is scheduled to open. |
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, the Multi-Unit Development Agreement (MUDA) will expire on the date that the last franchise is scheduled to open. The franchise agreement has a term of 10 years from the date of signing.
Better Blend offers franchisees the option to obtain a successor franchise agreement for up to two additional 5-year terms. To renew, franchisees must provide advance notice, comply with all contractual obligations to Better Blend and third parties, renovate to the 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).
If a Better Blend franchisee continues to operate their franchise after the expiration of the term without a renewal agreement, Better Blend may either terminate the operation at any time or deem the franchisee to have renewed the agreement for a five-year term and collect the renewal fee. Franchisees should carefully consider these terms and conditions, especially the obligations for renewal and the potential for materially different terms in a successor agreement.