What is the 'Interim Period' for a Bumble Roofing franchise?
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)
According to the 2025 Bumble Roofing Franchise Disclosure Document, the 'Interim Period' refers to a month-to-month extension of the franchise agreement under specific conditions. This period occurs if a franchisee continues to operate and benefit from the agreement after its initial expiration but has not yet signed a Successor Franchise Agreement.
The Bumble Roofing franchisor has the option to treat the agreement as either expired, meaning the franchisee is operating without a license, or to allow it to continue on a month-to-month basis. If the franchisor chooses the latter, this Interim Period remains in effect until either party provides a written notice of intent to terminate, at which point the Interim Period ends 30 days after the notice is received.
During this Interim Period, all obligations of the franchisee remain fully in effect, as if the original agreement had not expired. Upon the termination of the Interim Period, all obligations and restrictions that would normally be imposed on the franchisee upon the expiration of the agreement then take effect. This arrangement provides Bumble Roofing with flexibility while ensuring continued compliance and operational standards during the transitional phase.