How can either party terminate the Interim Period for a Bumble Roofing franchise, and how much notice is required?
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 Bumble Roofing's 2025 Franchise Disclosure Document, the franchise agreement may continue on a month-to-month basis, referred to as the "Interim Period," if a franchisee does not sign a Successor Franchise Agreement before the expiration of the original agreement but continues to operate and accept the benefits of the franchise.
During this Interim Period, either Bumble Roofing or the franchisee can terminate the agreement by providing written notice to the other party. The termination becomes effective 30 days after the other party receives the notice.
All obligations of the franchisee remain in full effect during the Interim Period, as if the original agreement had not expired. Upon termination of the Interim Period, all obligations and restrictions imposed on the franchisee at the expiration of the original agreement take effect.