factual

What notification is a Buona franchisee required to provide to suppliers, utilities, and landlords upon termination or expiration of the Franchise Agreement?

Buona Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (f) Franchisee shall immediately notify all of its suppliers, utilities, landlords, creditors and others with whom it is doing business that Franchisee is no longer affiliated with the Franchised Business or the System and provide proof to Franchisor of this notification within five (5) days of the termination or expiration of this Agreement;

Source: Item 22 — CONTRACTS (FDD page 78)

What This Means (2025 FDD)

According to Buona's 2025 Franchise Disclosure Document, upon termination or expiration of the Franchise Agreement, a franchisee must immediately notify all suppliers, utilities, landlords, creditors, and others with whom they are doing business that they are no longer affiliated with the Franchised Business or the Buona system.

Furthermore, the franchisee must provide proof of this notification to Buona within five days of the termination or expiration of the agreement. This requirement ensures that all relevant parties are aware that the franchisee is no longer operating under the Buona brand and prevents any potential confusion or misrepresentation.

This notification process is a standard practice in franchising to protect the brand's reputation and avoid any liabilities that could arise from the former franchisee's actions. By requiring franchisees to promptly inform their business contacts of the termination, Buona aims to maintain clear boundaries and prevent any unauthorized use of its trademarks or association with its brand.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.