What is the required method for providing notice to Buildingstars under the Franchise Agreement?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISEE agrees to give BUILDINGSTARS not less than one hundred twenty (120) days written notice of its desire to renew the franchise, prior to the end of the initial term or the renewal term. In the event that BUILDINGSTARS elects not to renew, BUILDINGSTARS shall give FRANCHISEE written notice within ninety (90) days prior to the expiration of this Agreement.
Notwithstanding anything herein to the contrary, in the event that a new franchise agreement is not executed by both parties at the expiration of this Agreement or any renewal term and BUILDINGSTARS has not given FRANCHISEE notice of its intent not to renew, this Agreement shall continue in accordance with its terms on a month-to-month basis with either party having the right to terminate on thirty (30) days prior written notice to the other party.
Source: Item 23 — RECEIPT (FDD pages 43–217)
What This Means (2025 FDD)
According to the 2025 Buildingstars Franchise Disclosure Document, a franchisee must provide written notice to Buildingstars when renewing their franchise agreement. Specifically, the franchisee must give Buildingstars at least 120 days' written notice before the end of the current term, indicating their desire to renew the franchise.
Conversely, if Buildingstars chooses not to renew the franchise agreement, they must provide the franchisee with written notice within 90 days before the agreement's expiration. This ensures the franchisee has sufficient time to prepare for the end of the franchise relationship.
In the event that a new franchise agreement is not executed by both parties at the expiration of this Agreement or any renewal term and Buildingstars has not given FRANCHISEE notice of its intent not to renew, this Agreement shall continue in accordance with its terms on a month-to-month basis with either party having the right to terminate on thirty (30) days prior written notice to the other party.