What is the required action for a Crawlspace Medic developer to request a time extension?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
5.3 Extension of Mandatory Development Schedule. If Developer is unable to meet the
Mandatory Development Schedule for any outlet, Developer may seek a reasonable extension from Franchisor. All time extension requests must be submitted in writing to the franchisor within 30 days prior to the year deadline for consideration. The franchisor will have 10 days to respond in writing as to whether the request for extension will be granted. Franchisor shall not unreasonably withhold consent for such reasonable extension provided that Developer has (i) submitted its extension request in a timely manner; (ii) demonstrated diligent efforts to meet the original Mandatory Open Date; and (iii) has at all times acted in good faith and is otherwise fulfilling its obligations under this Agreement.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic FDD, a developer who is unable to meet the Mandatory Development Schedule for any outlet may seek a reasonable extension from Crawlspace Medic. To do so, the developer must submit a written request to Crawlspace Medic within 30 days prior to the year deadline for consideration. Crawlspace Medic then has 10 days to respond in writing as to whether the request for extension will be granted.
Crawlspace Medic will not unreasonably withhold consent for a reasonable extension, provided that the developer has met certain conditions. These conditions include submitting the extension request in a timely manner, demonstrating diligent efforts to meet the original Mandatory Open Date, and acting in good faith while fulfilling all other obligations under the agreement.
It is important for prospective Crawlspace Medic developers to understand these requirements and deadlines to ensure they can properly manage their development schedule and maintain a good relationship with the franchisor. Failure to adhere to the Mandatory Development Schedule, without an approved extension, constitutes a material event of default under the agreement.