Does the City Publications FDD include a summary section regarding termination by the franchisee?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
The following language replaces the "Summary" section of Item 17(d), titled "Termination by franchisee": You may terminate the agreement on any grounds available by law.
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to the 2025 City Publications Franchise Disclosure Document, there is a section regarding termination by the franchisee. Specifically, for the state of New York, the FDD states that the following language replaces the "Summary" section of Item 17(d), titled "Termination by franchisee": You may terminate the agreement on any grounds available by law."
This means that a City Publications franchisee has the right to terminate the franchise agreement based on any legal grounds available in their jurisdiction. This provides the franchisee with certain protections and rights to end the agreement if necessary.
It is important for a prospective franchisee to carefully review Item 17 of the Franchise Agreement, which discusses termination, renewal, transfer, and dispute resolution. Understanding the specific conditions and procedures for termination is crucial before entering into a franchise agreement with City Publications.