What is the 'Expired Agreement' in the context of the Dq Treat Renewal Addendum?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
| Authorized Location: | |
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| RENEWAL ADDENDUM TO DQ® TREAT OPERATING AGREEMENT is Addendum to DQ® treat operating agreement ("Agreement") is between American arry Queen Corporation ("Company") and ("Licensee"). Background • Company and Licensee signed a franchise agreement dated that expires on("Expired Agreement"). • Licensee wants to renew the franchise for the Authorized Location under the Agreement, except that Company and Licensee want to modify the Agreement. |
Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to the 2025 Dq Treat Franchise Disclosure Document, the 'Expired Agreement' refers to the original DQ® Treat Operating Agreement that is coming to the end of its term. The Renewal Addendum modifies certain terms of this original agreement to facilitate the renewal process.
Specifically, the addendum acknowledges that the Dq Treat Company and the Licensee (franchisee) previously signed a franchise agreement with an expiration date. The franchisee's desire to renew the franchise for the same location under a modified agreement leads to the creation of the Renewal Addendum. This addendum outlines the changes and conditions for the renewed franchise term.
Several aspects of the original agreement remain relevant. For example, the franchisee must still meet the modernization requirements outlined in the Expired Agreement. Similarly, the franchisee must continue to comply with the training requirements specified in the Expired Agreement. The renewal fee is also specified in the Expired Agreement. Understanding the terms of the Expired Agreement is therefore crucial for a franchisee considering renewal, as it lays the foundation for the new agreement.