What written notice deadline is required to renew a Deck Medic franchise?
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 must provide written notice to the company 180 days prior to the expiration of the current franchise agreement if they wish to renew. The initial franchise agreement lasts for 10 years, and franchisees who meet the requirements for renewal can renew for one additional 10-year term.
To renew the franchise, the franchisee must be in compliance with the terms of the existing Franchise Agreement. In addition to providing the required notice, the franchisee must sign the then-current form of the Franchise Agreement and any related agreements for the renewal term. They must also sign a general release in favor of Deck Medic, pay a renewal fee, and fulfill all other renewal requirements outlined in the Franchise Agreement.
It is important for prospective Deck Medic franchisees to understand all of the conditions required for renewal to ensure they are able to continue operating their franchise after the initial term. Failing to meet any of these conditions, including the written notice deadline, could result in the franchisee not being able to renew their agreement.