What is the definition of 'Term' in the context of the Bumper Man Certified Technician Addendum?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
hnician, less any amounts owed to Franchisor, including without limitation note payments, charge-backs on past due invoices, advances made by Franchisor, or attorneys' fees and court costs incurred by Franchisor in enforcing payment of accounts by customers.
- 7. NO TRANSFER. The rights and duties created by this Addendum are personal to Certified Technician, and Franchisor has granted rights under this Addendum in reliance upon the business skill, financial capacity and personal character of Certified Technician. Accordingly, no Transfer of this Addendum or the rights granted to Certified Technician is permitted or authorized.
8. TERM OF ADDENDUM.
- (a) Term. The term of this Addendum will commence on the Effective Date of this Addendum and will expire two years thereafter, unless this Addendum or the Franchise Agreement is terminated as provided in Section 18 of the Franchise Agreement. For the sake of clarity, this Addendum will terminate immediately upon the expiration, termination or Transfer of the Franchise Agreement. The grounds for termination of the Franchise Agreement appear in Exhibit C.
- (b) Renewal. Certified Technician may, at its option, continue to operate the Bumper Business pursuant to this Addendum and the Franchise Agreement for two consecutive two-year terms, subject to Certified Technician's satisfaction of the conditions required by Franchisor as set forth in Section 3(b) of the Franchise Agreement. If Certified Technician elects not to renew but desires to purchase a Bumper Man franchise for a new, available Designated Area and provided Certified Technician: (i) satisfies Franchisor's then-current criteria for new f
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, the term of the Certified Technician Addendum begins on the addendum's effective date and lasts for two years. However, the addendum can end sooner if either the addendum itself or the overarching Franchise Agreement is terminated, as detailed in Section 18 of the Franchise Agreement, which is available in Exhibit C. To clarify, the Certified Technician Addendum automatically terminates if the Franchise Agreement expires, is terminated, or is transferred to a new franchisee.
Certified Technicians have the option to continue operating under the addendum and the Franchise Agreement for two additional two-year terms. This renewal is contingent upon meeting the conditions set by Bumper Man, as outlined in Section 3(b) of the Franchise Agreement.
If a Certified Technician chooses not to renew their addendum but wishes to purchase a Bumper Man franchise in a new, available designated area, the $25,000 initial franchise fee paid for the Certified Technician rights can be applied towards the then-current initial franchise fee for a full Bumper Man franchise. This is conditional on the technician meeting Bumper Man's current criteria for new franchisees, not being in default of either the Franchise Agreement or the addendum, and entering into Bumper Man's current franchise agreement. It's important to note that this does not guarantee exclusivity in any designated area or ensure that a designated area will be available when the technician wants to exercise this option.