Which article of the Cordova Franchise Agreement defines 'Renewal Term'?

According to Cordova's 2025 Franchise Disclosure Document, the definition of "Renewal Term" is found in Article 15.A of the Franchise Agreement. Specifically, Article 15 outlines the conditions and processes for a franchisee to renew their franchise agreement.

For a prospective Cordova franchisee, understanding Article 15.A is crucial because it details the requirements that must be met to extend the franchise agreement beyond its initial term. This includes being in compliance with the existing terms of the agreement. Meeting these conditions ensures the franchisee has the option to continue operating their Cordova business for an additional term.

Article 15.B further specifies the conditions for renewal, indicating that the franchisee's renewal rights are contingent upon satisfying certain criteria. This highlights the importance of maintaining good standing with Cordova throughout the initial term of the franchise agreement to secure the opportunity for renewal. The initial term and any renewal terms are defined within the agreement, giving the franchisee clarity on the duration of their franchise rights.