Regarding time calculations in the Bumble Roofing franchise agreement, is the reference date included in the calculation?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) Franchisee has given Franchisor a written notice of intent to extend its rights to operate the Roofing Business no less than two months or more than six months prior to expiration of the Initial Term;
If an erroneous debit entry is initiated to Depositor's account, Depositor shall have the right to have the amount of such entry credited to such account by Depository, if (a) within fifteen (15) calendar days following the date on which Depository sent to Depositor a statement of account or a written notice pertaining to such entry or (b) forty five (45) days after posting, whichever occurs first, Depositor shall have sent to Depository a written notice identifying such entry, stating that such entry was in error and requesting Depository to credit the amount thereof to such account.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
The 2025 Bumble Roofing Franchise Disclosure Document does not explicitly state whether the reference date is included in time calculations related to the franchise agreement. However, the document does outline several instances where time is a critical factor, such as the 14-day period for reviewing the disclosure document before signing, the term of the agreement, and conditions for extending the agreement.
For example, the franchisee has to provide Bumble Roofing with a written notice of intent to extend their rights to operate the Roofing Business no less than two months or more than six months prior to the expiration of the initial term. Also, if an erroneous debit entry is initiated to the Depositor's account, the Depositor has fifteen calendar days following the date on which the Depository sent to Depositor a statement of account or a written notice pertaining to such entry or forty five days after posting, whichever occurs first, to send to Depository a written notice identifying such entry.
To fully understand how Bumble Roofing calculates time-sensitive deadlines and periods, a prospective franchisee should seek clarification from the franchisor during their due diligence. Specifically, they should ask whether the starting date is included when calculating deadlines for things like renewal notices, cure periods for breaches, and payment schedules. Understanding this detail is crucial for maintaining compliance with the franchise agreement and avoiding potential penalties or disputes.