What is the typical term length for successive Deer Solution franchise agreements?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
Transfers which in the aggregate Transfers substantially all of the assets of the Franchised Business or a controlling interest in Franchisee, then, at the election of Franchisor and upon notice from Franchisor to Franchisee, the transferee may be required to execute (and/or, upon Franchisor's request, shall cause all interested parties to execute) for a term ending on the expiration date of the original Term of this Agreement, the then current standard form Franchise Agreement offered to new franchisees of Deer Solution Businesses and any other agreements as Franchisor requires. Such agreements shall supersede this Agreement and its associated agreement in all respects, and the terms of Franchisor's then current agreements may differ from the terms in this Agreement, provided that such agreements shall provide for the same Royalty Fee, Advertising Contributions, and all other financial or monetary obligations established in this Agreement;
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
Based on the 2025 Deer Solution Franchise Disclosure Document, when a franchise is transferred, the new franchisee may be required to execute the then-current standard form franchise agreement for a term ending on the expiration date of the original agreement.
This means that if a Deer Solution franchisee sells their business before the end of their original term, the buyer will not necessarily get a brand new, full-length franchise term. Instead, the term of the new agreement will only last until the end of the original franchisee's term.
For a prospective Deer Solution franchisee, this highlights the importance of understanding the remaining term length when considering purchasing an existing franchise. It also emphasizes that the terms of the new agreement may differ from the original, although the Royalty Fee, Advertising Contributions, and other financial obligations should remain the same.