factual
Does the Cinch I.T. Multi-Unit Development Agreement allow for any extensions of the term?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | agreement | Summary |
|---|---|---|
| a. Length of the franchise term | Section 3 | Expires either on the completion date of the Development Schedule or expiration of the term of the Development Schedule. |
| b. | Section 5 | May request two |
| Renewal or extension of | 90 day | |
| the term | extensions. | |
| c. Requirements for you to renew or extend | Section 5 | Prior written request and payment of extension fee. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 48–56)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the Multi-Unit Development Agreement can be extended. Specifically, the franchisee may request two 90-day extensions to the agreement.
To extend the agreement, the franchisee must submit a prior written request and pay an extension fee. The FDD does not specify the amount of this fee, so prospective franchisees should confirm this with Cinch I.T.
The length of the franchise term expires either on the completion date of the Development Schedule or expiration of the term of the Development Schedule.
Disclaimer: This information is extracted from the 2024 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.