What is the heading of Article 14 of the Dryer Vent Squad Franchise Agreement?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
14.D. DEATH OR DISABILITY OF FRANCHISEE OR AN OWNER
(1) If Franchisee is an individual and not a Corporate Entity, upon the death or permanent disability of Franchisee, the executor, administrator, conservator or other personal representative of Franchisee, must appoint a manager that meets the equivalent of an Operating Manager within a reasonable time, which shall not exceed 30 days from the date of death or permanent disability. The appointed manager (as applicable) must serve and qualify as an Operating Manager and attend and successfully complete the Training Program within 60 days of the appointment. If Franchisee's Dryer Vent Squad Business is not being managed by a Franchisor approved Operating Manager (as applicable) within 30 days after such death or permanent disability, Franchisor is authorized, but is not required, to immediately appoint a manager to maintain the operations of Franchisee's Dryer Vent Squad
Source: Item 23 — RECEIPTS (FDD pages 51–207)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, Article 14.D of the franchise agreement is titled "DEATH OR DISABILITY OF FRANCHISEE OR AN OWNER". This section outlines the procedures that must be followed in the event of the death or permanent disability of a franchisee or an owner of a Dryer Vent Squad franchise.
Specifically, if the franchisee is an individual, their representative must appoint a manager within 30 days who meets the requirements of an Operating Manager and completes the training program within 60 days. If a suitable manager is not appointed, Dryer Vent Squad has the option to appoint a manager to oversee the business at the franchisee's expense. This ensures continuity of operations and adherence to Dryer Vent Squad's standards even in unforeseen circumstances.
For corporate entities, similar procedures apply upon the death or disability of a Managing Owner. The remaining owners have 30 days to appoint a new Managing Owner approved by Dryer Vent Squad, who must complete the training program within 60 days. If the Managing Owner is the sole owner, the provisions for individual franchisees apply. These stipulations aim to maintain consistent management and operational quality across all Dryer Vent Squad franchises, regardless of ownership structure.