Under what circumstances can Crawlspace Medic offer to renew the agreement on the same terms?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
If Franchisor is not offering new Crawlspace Medic franchises, is in the process of revising, amending or renewing Franchisor's form of franchise agreement or disclosure document, or Franchisor is not lawfully able to offer Franchisee the then current form of Renewal Franchise Agreement at the time Franchisee advises Franchisor pursuant to Paragraph 5.2 hereof that Franchisee desires to renew, Franchisor may, in Franchisor's sole discretion, (i) offer to renew this Agreement upon the same terms set forth herein for the appropriate renewal term or (ii) offer to extend the Term hereof on a month-tomonth basis following the expiration of the Term for as long as Franchisor deems necessary or appropriate so that Franchisor may lawfully offer the then current
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, there are specific circumstances under which Crawlspace Medic may offer to renew the franchise agreement on the same terms. This occurs if Crawlspace Medic is not offering new franchises, is in the process of revising, amending, or renewing their franchise agreement or disclosure document, or is not lawfully able to offer the franchisee the then-current form of Renewal Franchise Agreement when the franchisee expresses their desire to renew.
In these situations, Crawlspace Medic has the discretion to either offer a renewal on the same terms as the existing agreement for the appropriate renewal term or extend the term on a month-to-month basis. This extension continues as long as Crawlspace Medic deems necessary or appropriate, allowing them to lawfully offer the then-current form of the franchise agreement.
For a prospective franchisee, this means that the terms of renewal are not guaranteed to be the same as the original agreement. Several factors, such as changes in Crawlspace Medic's franchise offerings or legal limitations, can influence the renewal terms. It is important for franchisees to be aware of these possibilities and to discuss renewal options with Crawlspace Medic well in advance of the agreement's expiration.