Does Bumble Roofing allow for any exceptions for late report submissions during the Interim Period?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.4 If Franchisee does not sign a Successor Franchise Agreement prior to the expiration of this Agreement and continues to accept the benefits of this Agreement after the expiration of this Agreement, then at the option of Franchisor, this Agreement may be treated either as (i) expired as of the date of expiration with Franchisee then operating without a license or franchise to do so and in violation of Franchisor's rights; or (ii) continued on a month-to-month basis ("Interim Period") until one party provides the other with written notice of such party's intent to terminate the Interim Period, in which case the Interim Period will terminate 30 days after receipt of the notice to terminate the Interim Period. In the latter case, all obligations of Franchisee shall remain in full force and effect during the Interim Period as if this Agreement had not expired, and all obligations and restrictions imposed on Franchisee upon expiration of this Agreement shall be deemed to take effect upon termination of the Interim Period.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document does not specify any exceptions for late report submissions during the Interim Period for Bumble Roofing franchisees. However, the document does state that during the Interim Period, all obligations of the franchisee remain in full force and effect as if the agreement had not expired.
During the Interim Period, the franchisee operates on a month-to-month basis until either party provides written notice of termination, which takes effect 30 days after receipt. This period occurs if the franchisee continues to accept the benefits of the agreement after its expiration but does not sign a Successor Franchise Agreement.
Since the Franchise Agreement remains in full force during the Interim Period, a franchisee should assume that the standard requirements for timely report submissions continue to apply, and that late submissions would be a breach of the agreement. A prospective franchisee should clarify with Bumble Roofing whether any exceptions are possible and under what specific circumstances.