Does the Craters & Freighters Franchise Agreement allow for renewal or extension of the franchise term?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
| Item | Provision | Section in Franchise Agreement | Summary |
|---|---|---|---|
| a. | Length of the franchise term | Section 2.1 | Term is 15 years. |
| b. | Renewal or extension of the term | Section 2.2 | You can add a successor term of 15 years. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTIONS (FDD pages 36–44)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the Franchise Agreement does allow for renewal or extension of the franchise term. Specifically, the initial franchise term with Craters & Freighters is for a period of 15 years, as detailed in Section 2.1 of the Franchise Agreement.
The FDD indicates that franchisees have the option to add a successor term to their agreement. According to Section 2.2 of the Franchise Agreement, franchisees can renew their agreement for an additional term of 15 years.
This renewal option provides an opportunity for Craters & Freighters franchisees to continue operating their business under the franchise system for a substantial period, contingent upon meeting the conditions for renewal specified in the Franchise Agreement.