factual

When does the term of the City Wide Business Development Center Agreement begin for an existing franchisee?

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

| b. | EXISTING. If Franchisee | | is an existing Franchise of | | City | | Wide | | and | | wishes | | to | | engage | | City | | Wide | | for | | the | | BDC Services, the term of this Agreement will begin on date services to begin, the | | ("Effective Date") and will continue for a period of six (6) months, unless terminated sooner | | in accordance with Section 3 of this Agreement ("Existing Franchisee | | Initial | | Term"). |

Source: Item 22 — CONTRACTS (FDD page 65)

What This Means (2025 FDD)

According to City Wide's 2025 Franchise Disclosure Document, the Business Development Center Agreement term for an existing franchisee begins on the date services are set to begin, referred to as the "Effective Date." The agreement then continues for a period of six months, unless it is terminated earlier according to Section 3 of the agreement. This six-month period is termed the "Existing Franchisee Initial Term."

This means that if an existing City Wide franchisee decides to engage City Wide's Business Development Center (BDC) services, the agreement officially starts when those services commence. The franchisee is committed to a six-month term, providing a defined period for both the franchisee and City Wide to assess the effectiveness and value of the BDC services.

It's important for prospective franchisees to understand that this six-month term is binding unless terminated earlier under specific conditions outlined in Section 3 of the agreement. Franchisees should carefully review Section 3 to understand the circumstances under which the agreement can be terminated to avoid potential conflicts or financial implications.

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.