How many additional terms can a Card My Yard franchisee renew the Franchise Agreement for?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. Term. Unless sooner terminated as provided in this Agreement, the term of this Agreement will begin on the Effective Date and will continue until five (5) years from the Opening Date.
- B. Renewal. You may, at your option, renew your rights under this Agreement for up to three (3) additional terms of five (5) years each, subject to any or all of the following conditions which must, at our option, be met prior to and at the time of renewal:
- (1) You must give us written notice of your election to renew not less than six (6) months nor more than nine (9) months before the end of the initial term;
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, a franchisee has the option to renew their franchise agreement for up to three additional terms. Each of these renewal terms is for a period of five years. This means that after the initial term of five years, a franchisee could potentially operate their Card My Yard business for an additional 15 years through renewals.
However, the ability to renew is not automatic and is subject to certain conditions that Card My Yard may impose. These conditions must be met both prior to and at the time of renewal. This gives Card My Yard the discretion to decide whether or not to allow a franchisee to renew, based on their compliance with the franchise agreement and other factors.
Some of the conditions that Card My Yard may require include providing written notice of the election to renew between six and nine months before the end of the initial term. Meeting these conditions is crucial for a franchisee who wishes to continue operating their Card My Yard business beyond the initial term, as failure to meet these conditions could result in the loss of their franchise.