What is the 'Renewal Notice' for a Corner Bakery Cafe franchise?
Corner_Bakery_Cafe Franchise · 2025 FDDAnswer from 2025 FDD Document
forth in Section 2.2.1 below prior to and at the end of the Initial Term. The renewal conditions for the second Renewal Term shall be set forth in the Renewal Franchise Agreement that you sign for the first Renewal Term in accordance with Section 2.2.8.
- 2.2.1 You must give us written notice of your election to sign a Renewal Franchise Agreement (the "Renewal Notice") not less than six months nor more than 12 months prior to the end of the Initial Term. The date you provide such notice shall be defined as the "Renewal Notice Date." Time is of the essence regarding the Renewal Notice Date. Your failure to provide us the required notice in a timely manner constitutes a waiver by you of your option to remain a franchisee beyond the expiration of the Initial Term. The Renewal Term shall commence upon the expiration of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 55)
What This Means (2025 FDD)
According to Corner Bakery Cafe's 2025 Franchise Disclosure Document, a franchisee must provide written notice to Corner Bakery Cafe if they elect to sign a Renewal Franchise Agreement. This 'Renewal Notice' must be given no less than six months and no more than 12 months before the end of the initial franchise term. The date this notice is provided is defined as the 'Renewal Notice Date,' and timely submission of this notice is critical for renewal.
Failure to provide the Renewal Notice within the specified timeframe constitutes a waiver of the franchisee's option to continue as a franchisee beyond the initial term. This means a franchisee could lose their right to renew if they miss the deadline.
After receiving the Renewal Notice, Corner Bakery Cafe has 60 days to advise the franchisee whether they are entitled to remain a franchisee for the renewal term. If Corner Bakery Cafe intends to allow the franchisee to renew, they will provide preliminary information regarding any required remodeling or training. The franchisee's right to renew is contingent upon full compliance with the existing Franchise Agreement terms through the end of the initial term, as well as fulfilling the obligations outlined in Corner Bakery Cafe's notice.