Where in the Coffee News Franchise Agreement can I find information about the term of the Coffee News franchise?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
chedule A for a period of sixty (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 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, information regarding the franchise term and renewal can be found on page 3 of the Coffee News Franchise Agreement.
Specifically, section 3.1 outlines the term, stating that the agreement begins upon execution by all parties and expires on a specified date, subject to earlier termination as per the agreement's terms. For a Coffee News franchisee, this means the agreement has a defined lifespan, and operations must cease at the end of the term unless renewed.
Section 3.2 details the renewal process, allowing for automatic renewals for subsequent four-year periods. However, this is contingent upon the franchisee fulfilling their obligations to Coffee News, the agreement remaining in force, and the franchisee not being in breach of any terms. Additionally, the franchisee must comply with the then-current Coffee News Franchise Agreement (without additional deposit) and provide written notice of their intent to renew at least six months before the end of the current term. This ensures Coffee News franchisees remain compliant with updated standards and provide ample notice for renewal.