What training course completion is required for Chem Dry franchisee renewal?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
To qualify for a renewal franchise, FRANCHISEE and its Owners must satisfy these conditions:
- a. FRANCHISEE (and each of its Owners) have not defaulted under this Agreement and failed to cure the default within the time permitted under this Agreement during its Term;
- b. Franchisee (and each of its required Owners) have successfully completed all of CDI's then current training courses;
- c. FRANCHISEE (and each of its Owners) are, on the date FRANCHISEE gives its notice of election, in compliance with this Agreement, including without limitation any requirements regarding servicing national accounts; and
- d. FRANCHISEE agrees (regardless of cost) in the notice of election to add or replace specific Operating Assets, including without limitation any proprietary equipment associated with the Franchise, the business vehicles and other equipment), and otherwise modify the BUSINESS as CDI requires to comply with the System Standards then applicable for new entry CHEM-DRY Businesses.
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, to qualify for a franchise renewal, a franchisee and each of their owners must successfully complete all of Chem Dry's then-current training courses. This requirement is in addition to other conditions, such as not being in default of the franchise agreement and complying with all its terms at the time of the renewal election and the expiration of the current term.
This means that franchisees need to stay up-to-date with any new training programs or courses that Chem Dry introduces throughout the term of their agreement. Failing to complete these required training courses can prevent a franchisee from being granted a renewal franchise.
Chem Dry also retains the right to refuse a renewal if a franchisee is not in compliance with the agreement or any other agreements with Chem Dry. Even if Chem Dry hadn't previously acted on any non-compliance issues during the current term, they can still deny a renewal based on these grounds. This underscores the importance of maintaining full compliance with all aspects of the franchise agreement to ensure eligibility for renewal.