What is the deadline for the Coffee News franchisee to execute the new franchise agreement upon renewal?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
- (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 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, a franchisee has the right to renew their franchise agreement for additional four-year terms, provided they meet certain conditions. One of these conditions is that the franchisee must comply with the then-current Coffee News Franchise Agreement at the time of renewal.
To facilitate this, Coffee News will provide the franchisee with a copy of the updated Franchise Agreement and any related documents. The franchisee is then required to execute this new agreement no later than three months prior to the expiration of their current agreement.
This requirement ensures that all franchisees are operating under the most up-to-date terms and conditions, and it gives the franchisee sufficient time to review and sign the new agreement before their existing term expires. Failing to execute the new agreement within the specified timeframe could jeopardize the franchisee's renewal.