Under Section 2.2, can a Craters & Freighters franchisee add a successor 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, Item 17 details the terms for renewal, termination, transfer, and dispute resolutions. Specifically, Section 2.2 of the franchise agreement addresses the possibility of adding a successor term.
The FDD indicates that a Craters & Freighters franchisee has the option to add a successor term to their franchise agreement. The initial term of the franchise agreement is 15 years, and franchisees can add an additional 15-year term.
This option for a successor term provides an opportunity for Craters & Freighters franchisees to extend their business operations and continue benefiting from the franchise system for a longer period, assuming they meet the requirements for renewal.