Where in the Counselor Realty Franchise Agreement can I find information about franchise renewal?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| Obligation | Section in Franchise Agreement | Disclosure Document Item |
|---|---|---|
| j. Warranty and customer | Section 7.1 | Item 11 |
| services requirements | ||
| k. Territorial development | Sections 1.1 and 1.3 | Item 12 |
| and sales quotas | ||
| l. Ongoing product/service | Sections 6.3, 6.4, 6.5 and 7.1 | Item 8 |
| purchases | ||
| m. Maintenance, | Sections 3.2, 7.1, 9.2 | Items 11, 17 |
| appearance and | ||
| remodeling requirements | ||
| n. Insurance | Section 8.2 | Item 7 |
| o. Advertising | Sections 5.4 and 7.1 | Item 11 |
| p. Indemnification | Section 8.3 | Item 16 |
| q. Owner's participation/ | Section 7.2 | Item 15 |
| management/staffing | ||
| r. Records and reports | Section 8.1 | None |
| s. Inspections and audits | Sections 7.3, 8.1 | Item 11 |
| t. Transfer | Article 9 | Item 17 |
| u. Renewal | Section 3.2 | Item 17 |
| v. Post-termination | Section 7.2 and Article 12 | Item 17 |
| obligations | ||
| w. Non-competition and | Section 7.2 | Item 17 |
| non-solicitation | ||
| covenants | ||
| x. Dispute resolution | Article 10 | Item 17 |
| y. Other | None |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 17–21)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, details regarding franchise renewal can be found in Section 3.2 of the Franchise Agreement, as indicated in Item 17 of the FDD. This reference helps prospective franchisees quickly locate the relevant section within the agreement that outlines the terms and conditions for renewing their franchise.
Specifically, Item 11 provides a table that cross-references various obligations with their corresponding sections in the Franchise Agreement and relevant items in the Disclosure Document. This table serves as a roadmap, guiding franchisees to specific clauses within the Franchise Agreement that address key aspects of the franchise relationship.
For a prospective Counselor Realty franchisee, this information is crucial for understanding the process, requirements, and any associated costs or conditions for renewing their franchise agreement. Knowing where to find this information allows franchisees to proactively plan for the renewal process and ensure they meet all necessary obligations to continue operating their Counselor Realty franchise beyond the initial term.