What is the timeframe in which a Dryject franchisee must 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;
- (b) When such notice is given, and thereafter up to and including the date of renewal, You are not in default of any provision of this Agreement, or any other agreement between You and Us or any of Our subsidiaries or affiliates, including any other franchise agreement, and have substantially complied with the terms and conditions of all such agreements during the Term of this Agreement;
- (c) You have not received three (3) or more notices of default from Us during the then-current Term of this Agreement;
Source: Item 23 — RECEIPT (FDD pages 50–68)
What This Means (2025 FDD)
According to the 2025 Dryject Franchise Disclosure Document, a franchisee may renew their franchise for two additional five-year terms. To do so, the franchisee must provide Dryject with written notice of their intent to renew. This notice must be given no less than six months and no more than twelve months before the end of the current term (either the initial term or a renewal term).
This timeframe is important because it allows Dryject to plan for the future of the franchise and the territory. It also gives the franchisee time to consider whether they want to continue operating the business under the terms of the then-current franchise agreement, which may have different terms and conditions than the original agreement. Missing this window could mean losing the opportunity to renew the franchise.
In addition to providing timely notice, the Dryject franchisee must also be in good standing with the company to be eligible for renewal. This means the franchisee must not be in default of any agreement with Dryject, must have substantially complied with all agreements during the term, and must not have received three or more notices of default during the current term. Meeting these conditions, along with providing notice within the specified timeframe, is crucial for a Dryject franchisee seeking to extend their franchise agreement.