Can a Corcoran Franchise Agreement be mutually terminated?

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Accepted Answer

| THE FRANCHISE RELATIONSHIP                    |                                                                                   |                                                                                                                                                                                                                                                                                                                              |  |  |
|-----------------------------------------------|-----------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|
| Provision | Section in Agreement | Summary |  |  |
| a. Length of the franchise term | Section 1.5 of the Franchise Agreement; Section 1 of the Location Addendum | Commences upon the Opening Date and expires on the date 10 years from the Opening Date. We have the right, however, to negotiate with you a greater or lesser term under your Franchise Agreement. |  |  |
|  | Section 2 of the Limited Purpose Office Addendum | One-year initial term with a right to extend for additional one year terms. |  |  |
| b. Renewal or extension of the term | Section 16.1 of the Franchise Agreement; Section 1 of the Location Addendum Section 2 of the Limited Purpose Office Addendum | No renewal rights. If we grant you an additional term, we may require you to sign our then current franchise agreement or other documentation with materially different terms.  Term is automatically extended for additional one-year periods until terminated in accordance with the terms of the Addendum |  |  |
| c. Requirements for you to renew or extend | Sections 1.5 and 16.1 of the Franchise Agreement | No renewal rights. If we grant you an additional term, we may require you to sign our then current Franchise Agreement or other documentation with materially different terms. |  |  |
| d. Termination by you | Section 16.2.5 of the Franchise Agreement  Section 7 of the Limited Purpose Office Addendum | Subject to state law, if a majority owner dies or becomes disabled, you may elect to terminate the Franchise Agreement if certain conditions are satisfied. The Franchise Agreement can also be mutually terminated. Further you may terminate the Franchise Agreement under any grounds permitted by law.  Subject to state law, either party may terminate upon 30 days' notice. |  |  |
| e. Termination by us without | None | Not applicable.

Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 64–67)

Can a Corcoran Franchise Agreement be mutually terminated?

Answer from 2025 FDD Document

What This Means (2025 FDD)

THE FRANCHISE RELATIONSHIP
Provision	Section in Agreement	Summary
a. Length of the franchise term	Section 1.5 of the Franchise Agreement; Section 1 of the Location Addendum	Commences upon the Opening Date and expires on the date 10 years from the Opening Date. We have the right, however, to negotiate with you a greater or lesser term under your Franchise Agreement.
	Section 2 of the Limited Purpose Office Addendum	One-year initial term with a right to extend for additional one year terms.
b. Renewal or extension of the term	Section 16.1 of the Franchise Agreement; Section 1 of the Location Addendum Section 2 of the Limited Purpose Office Addendum	No renewal rights. If we grant you an additional term, we may require you to sign our then current franchise agreement or other documentation with materially different terms. Term is automatically extended for additional one-year periods until terminated in accordance with the terms of the Addendum
c. Requirements for you to renew or extend	Sections 1.5 and 16.1 of the Franchise Agreement	No renewal rights. If we grant you an additional term, we may require you to sign our then current Franchise Agreement or other documentation with materially different terms.
d. Termination by you	Section 16.2.5 of the Franchise Agreement Section 7 of the Limited Purpose Office Addendum	Subject to state law, if a majority owner dies or becomes disabled, you may elect to terminate the Franchise Agreement if certain conditions are satisfied. The Franchise Agreement can also be mutually terminated. Further you may terminate the Franchise Agreement under any grounds permitted by law. Subject to state law, either party may terminate upon 30 days' notice.
e. Termination by us without	None	Not applicable.