What is the initial term length of the Participation Agreement for Dq Treat?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
- **4.
Term**.
The initial term of this Participation Agreement shall begin when executed by Participating Location and continue for a period of five (5) years from the date of Activation of the Subscription Software Services at Participating Location, unless earlier terminated by either PAR or Participating Location pursuant to the terms set forth in this Participation Agreement (the "Initial Term").
For purposes of this Participation Agreement, Activation shall be the date that the Participating Location is able to access the Subscription Software Services to process a sales transaction for a customer.
Thereafter, this Participation Agreement shall automatically renew at the end of the Initial Term for additional successive periods of one (1) year (the "Renewal Term(s)").
The Initial Term and the Renewal Term(s) shall be referred to herein collectively as the "Term".
Participating Location may terminate this Participation Agreement for convenience, at any time, for any reason upon thirty (30) days' notice to PAR (subject to payment of all remaining payments for Equipment and Installation Services purchased under any financing agreement or payable under any Conversion Letter, if applicable).
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 FDD, the initial term of the Participation Agreement begins when executed by the Participating Location. It continues for five years from the date of Activation of the Subscription Software Services at the Participating Location, unless terminated earlier by either PAR or the Participating Location, as per the agreement's terms. Activation is defined as the date the Participating Location can access the Subscription Software Services to process sales transactions.
Following the initial five-year term, the Participation Agreement automatically renews for successive one-year periods. The agreement refers to both the initial term and any renewal terms collectively as the "Term".
The Participating Location has the option to terminate the Participation Agreement at any time, for any reason, by providing PAR with thirty days' notice. However, this termination is subject to the Participating Location fulfilling all remaining payments for Equipment and Installation Services purchased under any financing agreement or payable under any Conversion Letter, if applicable.