What is the 'Term' of the Casiola franchise agreement?

According to the 2024 Casiola Franchise Disclosure Document, the term of the franchise agreement is five years. Specifically, the agreement lasts for a period of five consecutive years, beginning from the effective date of the agreement.

This means that a franchisee can operate their Casiola business for five years from the date the franchise agreement becomes effective, assuming the agreement is not terminated earlier according to its terms. Franchisees should be aware of the conditions under which the agreement can be terminated early, as detailed elsewhere in the FDD.

It is important to note that if a franchisee seeks to transfer the agreement, and Casiola elects, the transferee may be required to execute the then-current standard form franchise agreement for a term ending on the expiration date of the original agreement. This successor agreement would supersede the original agreement, potentially with differing terms, although the Royalty Fee, Advertising Contributions, and other financial obligations would remain the same.