factual

By how many days can Engineering For Kids extend the Search Period?

Engineering_For_Kids Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 1.1 Within sixty days (60) days after the Effective Date (the "Search Period"), you must acquire or lease/sublease, at your expense, commercial real estate that is properly zoned for the use as an Engineering For Kids Business that you will operate under the Franchise Agreement (the "Business") at a site that we approve as described in this Addendum.
    • 1.2 Any sites that you propose for must be within the Territory.
  • 1.3 If you used your best efforts, but have not identified a suitable site that we approve by the end of the Search Period, we will have the right to extend the Search Period by up to sixty (60) days. If you fail to acquire or lease a site for the Business within the Search Period, you will be in default under the Franchise Agreement and this Addendum, and we will have the right to terminate the Franchise Agreement and this Addendum pursuant to the terms of Section 15.2 of the Franchise Agreement.

Source: Item 22 — CONTRACTS (FDD page 53)

What This Means (2025 FDD)

According to Engineering For Kids' 2025 Franchise Disclosure Document, a franchisee is initially given 60 days from the effective date of the franchise agreement to find a suitable site for their Engineering For Kids business. This period is referred to as the "Search Period."

Engineering For Kids retains the right to extend this Search Period if the franchisee has used their best efforts but has not been able to identify a suitable site.

The maximum extension that Engineering For Kids may grant is up to 60 days. If a franchisee fails to secure a site within the initial Search Period and any extension granted, Engineering For Kids has the right to terminate the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.