What agreements are included in the 'Renewal Ancillary Agreements' for Deck Medic, and when must they be submitted?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
t including this Agreement; (b) Franchisor and each of Franchisee's Owners, whether individually and/or collectively; and (c) Franchisor and each Spouse of Franchisee's Owners, whether individually and/or collectively. Without limitation to the foregoing, the term Ancillary Agreements includes the Franchise Owner and Spouse Agreement and Guaranty and the Assignment of Telephone Numbers and Digital Media Accounts, as said agreements, individually and/or collectively, may have been entered into between the foregoing parties.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the term 'Ancillary Agreements' includes the Franchise Owner and Spouse Agreement and Guaranty, and the Assignment of Telephone Numbers and Digital Media Accounts.
The FDD states that a franchisee must agree to, sign, and deliver the 'Renewal Franchise Agreement' to Deck Medic within 30 days of the date of delivery by Deck Medic to the franchisee, along with payment of the Renewal Fee.
Prospective franchisees should carefully review these agreements with legal counsel to understand their obligations and potential liabilities upon renewal. Understanding the terms of these ancillary agreements is crucial for making an informed decision about renewing the franchise.