What happens to the fees in the renewed Caring Senior Service Franchise Agreement?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
l Under Law
Even though we decline the renewal of your franchise, it is possible that we can be required to renew it under a law, rule, regulation, statute, ordinance, or legal order that is applicable at the time. If that happens, to the extent it is allowed by the concerned law, rule, regulation, statute, ordinance or order, your renewal term will be subject to the conditions of the Franchise Agreement we are using for new franchisees at the time the renewal period begins. If we are not then offering new franchises, your renewal period will be subject to the terms in the Franchise Agreement that we indicate. If for any reason that is not allowed, the renewal term will be governed by the terms of this Agreement.
2.6 Failure to Renew
For the purposes hereof, you shall be deemed to have irrevocably elected not to renew the franchise hereunder (and the option to do so shall thereupon terminate) if you fail to execute and return to us our then-standard Franchise Agreement and other ancillary documents required by us for a renewal, together with payment of our renewal fee, within thirty (30) days after we have delivered them to you.
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to the 2025 Caring Senior Service Franchise Disclosure Document, the renewal of a franchise agreement may involve different fee structures depending on the circumstances at the time of renewal. Specifically, the renewal terms will be subject to the conditions of the franchise agreement that Caring Senior Service is using for new franchisees when the renewal period starts. If Caring Senior Service is not offering new franchises at that time, the renewal will be subject to the terms in the franchise agreement that Caring Senior Service indicates. However, if neither of these options is permissible, the renewal term will be governed by the terms of the existing agreement.
To complete the renewal, the franchisee must execute and return Caring Senior Service's then-standard Franchise Agreement and other required documents, along with the renewal fee, within 30 days of receiving them. Failure to comply with these requirements will be deemed as an irrevocable election not to renew the franchise.
This means that the fees associated with a renewed Caring Senior Service franchise could change based on the prevailing terms for new franchisees or other terms specified by Caring Senior Service at the time of renewal. It is critical for franchisees to understand these potential changes and comply with all requirements to ensure a successful renewal.