What form of franchise agreement will a Dryject franchisee be required to execute upon renewal?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) You execute Our then-current standard form of franchise agreement (with appropriate modifications to reflect that such agreement relates to the grant of a renewal franchise including application of Your prior years as a franchisee to the determination of the Annual Royalty Service Fee and Annual Minimum Service Fee) being executed by franchisees for new DryJect franchised businesses, which agreement shall supersede in all respects this Agreement and which may contain terms and conditions substantially different from those set forth in this Agreement, including, without limitation, a different royalty fee, different advertising expenditure requirements, and a smaller Designated Territory;
Source: Item 23 — RECEIPT (FDD pages 50–68)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, a franchisee must execute the then-current standard form of franchise agreement to renew their franchise. This agreement will be the same one being executed by new DryJect franchisees at the time of renewal. The renewed agreement supersedes the original agreement in all respects.
This new agreement may contain terms and conditions substantially different from the original franchise agreement. These differences could include, but are not limited to, a different royalty fee, different advertising expenditure requirements, and a smaller designated territory.
In addition to executing the new franchise agreement, the franchisee must meet other conditions to qualify for renewal. These conditions include satisfying all monetary obligations, executing a general release of claims against DryJect, completing retraining programs, upgrading equipment and computer systems, and paying a renewal fee equal to 20% of the initial franchise fee then being paid by new franchisees.