What is the latest a Brain Balance franchisee can give written notice to extend the franchise agreement?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
ble lists certain important provisions of the Franchise and related agreements. You should read these provisions in the agreements attached to this Disclosure Document.**
| Provision | Section in Franchise Agreement (or Satellite Franchise Agreement, if different) | Summary | |
|---|---|---|---|
| a. | Term of the Franchise | 4.01 | 10 years |
| b. | Renewal or Extension of the Term | 4.02 | The Franchise Agreement may be extended for an additional term of 5 years unless you give written notice at least 3 months but not more than 6 months prior to expiration of the current term. |
| c. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 54–61)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, a franchisee can extend the franchise agreement for an additional 5 years if they provide written notice at least 3 months before the expiration of the current term. Therefore, the latest a Brain Balance franchisee can provide written notice to extend the franchise agreement is 3 months prior to the expiration of the current term.
To extend the franchise agreement, the franchisee must execute the current form of the Franchise Agreement and pay a renewal fee of $10,000. The FDD states that the franchisee may be asked to sign a contract with materially different terms and conditions than their original agreement and must be re-approved by Brain Balance.
It is important for a prospective Brain Balance franchisee to understand the conditions required for renewal, as the terms of the renewed agreement may differ from the original. Franchisees should carefully consider these potential changes and the associated costs before deciding to renew their franchise agreement.