What is the deadline for an Eos Worldwide franchisee to notify Eos Worldwide of their intention to renew their franchise term?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
- (a) You have notified us of your intention to renew the Term in writing at least ninety (90) days (but no more than three hundred and sixty (360) days) prior to the expiration of the Initial Term or then-current Renewal Term (and any such notice to renew shall be irrevocable unless prohibited by applicable law);
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, a franchisee must provide written notice of their intent to renew their franchise term at least 90 days, but no more than 360 days, before the current term expires. This notification period applies to both the initial term and any subsequent renewal terms. Once the franchisee submits this notice, it becomes irrevocable unless prohibited by applicable law.
This requirement ensures that Eos Worldwide has ample time to assess the franchisee's eligibility for renewal and to plan for the future of the franchise location. It also allows the franchisee to consider their options carefully, as the decision to renew is binding. The 90-day minimum notice provides sufficient time for both parties to prepare the necessary documentation and fulfill any remaining obligations.
It is important to note that timely notification is just one of several conditions that must be met for renewal. Other conditions include completing required refurbishments, complying with all agreements, satisfying monetary obligations, meeting current franchisee qualifications, and signing a general release. Failure to meet any of these conditions, including the notification deadline, could result in Eos Worldwide refusing to renew the franchise agreement.
Prospective franchisees should be aware of these deadlines and conditions to ensure they can successfully renew their franchise agreement and continue operating their Eos Worldwide franchise. Franchisees should mark their calendars with these important dates and maintain open communication with Eos Worldwide to address any potential issues or concerns related to the renewal process.