What is the required timeframe for a Dryject franchisee to provide written notice of their election to exercise the renewal option?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
You may renew the franchise to own and operate the Franchised Business and the right to use the Licensed Rights for two (2) additional successive five (5) year terms; provided that, prior to the expiration of the applicable initial or renewal term:
- (a) You provide Us written notice of Your election to exercise the renewal option not less than six (6) months, nor more than twelve (12) months, prior to the end of the then-current term;
Source: Item 23 — RECEIPT (FDD pages 50–68)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, a franchisee has the option to renew their franchise for two additional five-year terms. However, to exercise this renewal option, the franchisee must provide Dryject with written notice within a specific timeframe.
The written notice of election to renew must be provided no less than six months and no more than twelve months before the end of the current term, whether it's the initial term or a renewal term. This timeframe is crucial; if the franchisee misses this window, they may lose their right to renew the franchise under the existing terms.
It is important for prospective Dryject franchisees to understand this requirement and mark their calendars accordingly. Failing to provide timely notice could result in the franchisee having to negotiate a new agreement with potentially less favorable terms or losing the franchise altogether. Franchisees should also be aware of the other conditions for renewal, such as being in good standing with Dryject and meeting all financial obligations.