For Deck Medic, what is the maximum number of additional 10-year renewal terms a franchisee can obtain?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Article in | in Summary | |
|---|---|---|---|
| Franchise Agreement | |||
| a. Length of the franchise term | 2.B. | The term of your Franchise Agreement is 10 years. | |
| b. Renewal or extension of the term | 15 | If you meet our conditions for renewal, you may renew your franchise for up to one additional 10 year renewal terms, for a maximum total of 10 years in addition to your initial 10 year term. | |
| c. Requirements for franchisee to renew or extend | 15 | To renew your franchise, you must be in compliance with the terms of your Franchise Agreement, provide us with 180 days prior written notice of your request to renew, sign our then current form of Franchise Agreement and related agreements for the renewal term, sign a general release in our favor, pay a renewal fee, and meet all other renewal requirements contained in the Franchise Agreement. Your Owners must be in compliance with their agreements with |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 34–39)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, a franchisee can renew their franchise agreement for up to one additional 10-year term, provided they meet the conditions for renewal. This means that in addition to the initial 10-year term, a franchisee could potentially operate under the Deck Medic brand for a total of 20 years.
To be eligible for renewal, the franchisee must comply with the terms of the Franchise Agreement. They also need to provide Deck Medic with written notice of their intent to renew at least 180 days before the current term expires. Furthermore, franchisees must sign the then-current form of the Franchise Agreement and related agreements, as well as a general release in favor of Deck Medic.
In addition to these requirements, the franchisee must pay a renewal fee and meet all other renewal requirements outlined in the Franchise Agreement. The franchisee's owners must also be in compliance with their agreements with Deck Medic. These conditions ensure that only franchisees in good standing and committed to the Deck Medic system are granted the opportunity to renew their franchise.