For Dq Treat, what is the length of the automatic renewal term for the agreement?

According to the 2025 Dq Treat FDD, the Participation Agreement automatically renews for additional successive periods of one year after the initial term. The initial term for the Participation Agreement is five years, beginning when the Participating Location can access the Subscription Software Services to process sales transactions. This activation date marks the start of the agreement.

This automatic renewal continues for successive one-year periods unless either PAR (presumably the software provider) or the Participating Location terminates the agreement. The Participating Location has the option to terminate the agreement at any time, for any reason, by providing thirty days' notice to PAR. 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.

This clause is important for prospective Dq Treat franchisees as it outlines the terms for ongoing software and service subscriptions necessary for operations. Franchisees should be aware of the automatic renewal and termination conditions, particularly the financial obligations that must be met even if they choose to terminate the agreement early. Understanding these terms allows franchisees to plan their finances and operational strategies accordingly.