factual

What documents is a City Wide franchisee allowed to retain after termination of the Franchise Agreement?

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 15.2.3 Cease to use and destroy all tangible copies of the Operating Manual, the Software, and all other Confidential Information together with all equipment and other property owned by CITY WIDE.

Franchisee will retain no copy or record of any of the foregoing; provided, however, that Franchisee may retain Franchisee's copy of this Agreement, a copy of any correspondence between the parties, and a copy of any other document which Franchisee needs for compliance with any applicable provision of law.

Source: Item 22 — CONTRACTS (FDD page 65)

What This Means (2025 FDD)

According to the 2025 City Wide Franchise Disclosure Document, upon termination of the Franchise Agreement, franchisees must cease using the City Wide system and return all confidential information. However, there are exceptions regarding document retention.

Specifically, a franchisee is permitted to keep their personal copy of the Franchise Agreement itself. Additionally, they can retain copies of any correspondence exchanged between the franchisee and City Wide during the franchise term.

Finally, the franchisee may keep any other documents that they need to retain to comply with any applicable laws or regulations. This provision acknowledges that franchisees may have legal obligations to maintain certain records even after the franchise relationship ends.

Disclaimer: This information is extracted from the 2025 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.