factual

What is the required notice period Crisp & Green must provide for non-renewal of a franchise agreement in Minnesota, excluding specified cases?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

Item 17 of the Disclosure Document is amended by the addition of the following paragraphs:

"With respect to franchisees governed by Minnesota law, we will comply with Minn. Stat. § 80C.14, Subds. 3, 4, and 5 which require, except in certain specified cases, that (1) a franchisee be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice of non-renewal of the Franchise Agreement and (2) consent to the transfer of the franchise not be unreasonably withheld.

Source: Item 23 — RECEIPTS (FDD pages 66–252)

What This Means (2024 FDD)

According to Crisp & Green's 2024 Franchise Disclosure Document, Minnesota franchisees are entitled to specific protections regarding the termination and non-renewal of their franchise agreements. Specifically, Crisp & Green must provide a franchisee with 180 days' notice of non-renewal, except in certain specified cases.

This requirement means that if Crisp & Green decides not to renew a franchise agreement in Minnesota (outside of those 'specified cases'), they must inform the franchisee at least 180 days before the agreement's expiration date. This advance notice gives the franchisee time to prepare for the end of the franchise relationship, assess their options, and potentially make arrangements for their future business endeavors.

In addition to the non-renewal notice, Minnesota law also requires Crisp & Green to provide 90 days' notice of termination with 60 days to cure the issue leading to termination, again with exceptions for certain specified cases. These regulations aim to protect franchisees by ensuring they have adequate time to address any issues and avoid termination or non-renewal, promoting a fairer balance of power between the franchisor and franchisee.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.