How is the date of the agreement defined for a Coffee News franchise?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
(60) days from the due date may result in the loss of all Franchises and termination of receipt of the Periodical by Franchisee, at the option of Franchisor.
3. TERM AND RENEWAL.
- 3.1 Term. The term of this Agreement shall commence upon execution hereof by all parties hereto and shall expire on ______ 31, 20____, subject to earlier termination pursuant to the terms of this Agreement.
- 3.2 Renewal. Franchisee shall have the right to automatically renew this agreement for subsequent four (4) year periods provided that:
- (a) Performance of Obligations. Franchisee has duly performed its obligations hereunder to the satisfaction of Franchisor;
- (b) Agreement In Force. This Agreement is in full force at the end of the term provided for in paragraph 3.1 and Franchisee is not then in breach of any terms hereof:
- (c) Renewal Terms. The Franchisee hereby agrees that upon renewal, the Franchisee shall comply with the then current Coffee News Franchise Agreement, except that there shall be no additional deposit from the Franchisee. Franchisor shall furnish the Franchisee with a copy of Franchisor's then current Franchise Agreement (and related agreements), which Agreement the Franchisee must execute no later than 3 months prior to the expiration of this Agreement.
Source: Item 5 — Initial Fees (FDD page 10)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, the term of the Franchise Agreement begins upon its execution by all parties and concludes on a specific date, indicated as "______ 31, 20____," subject to earlier termination as per the agreement's terms. This initial term sets the duration for which the franchisee is authorized to operate under the Coffee News brand.
Coffee News offers franchisees the option to renew their agreement for subsequent four-year periods. To qualify for renewal, franchisees must have consistently fulfilled their obligations to the satisfaction of Coffee News, and the agreement must be active and without any breaches at the end of the current term.
To initiate a renewal, a franchisee must provide written notice to Coffee News at least six months before the end of the current term. Upon renewal, the franchisee must comply with the then-current Coffee News Franchise Agreement, although no additional deposit is required. Coffee News will provide the franchisee with a copy of the updated Franchise Agreement, which the franchisee must execute no later than three months before the expiration of the existing agreement.