Under what conditions can an Eos Worldwide franchise be renewed or extended?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section Franchise Agreement | in Summary |
|---|---|---|
| a. | 2.2 | Five (5) year term ending on the last day of the calendar month |
| Length of the franchise term | following your five-year anniversary. | |
| b. Renewal or extension of the term | 2.3 | The franchise may be renewed for up to two 3-year year terms if you are in good standing and we are still in the business of offering and selling new EOS Worldwide franchises. |
| c. Requirements for franchisee to renew or extend | 2.3 | Requirements include: (i) you provide us the prior notice required in the Franchise Agreement; (ii) you complete, to our satisfaction all maintenance and upgrading necessary we require; (iii) you are in good standing; (iv); you satisfy all monetary obligations you owe us, our affiliates, and our Approved Suppliers; (v) you execute our then current form of Franchise Agreement; (vi) you satisfy our then-current requirements for new franchisees and our training requirements; (vii) you and your applicable co-owners sign a general release; and (viii) we are still in the business of offering and selling new EOS franchises. The then-current standard Franchise Agreement may contain materially different terms and conditions than your original Franchise Agreement. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 54–59)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, an Eos Worldwide franchise can be renewed for up to two 3-year terms if the franchisee meets certain conditions. The initial franchise term is five years, ending on the last day of the calendar month following the five-year anniversary.
To be eligible for renewal, the franchisee must provide prior notice as required in the Franchise Agreement, complete all necessary maintenance and upgrades to Eos Worldwide's satisfaction, and be in good standing with the company. The franchisee must also satisfy all monetary obligations owed to Eos Worldwide, its affiliates, and approved suppliers. Additionally, the franchisee is required to execute the then-current form of the Franchise Agreement, meet the then-current requirements for new franchisees, and fulfill all training requirements. Both the franchisee and any applicable co-owners must sign a general release. Finally, Eos Worldwide must still be in the business of offering and selling new Eos Worldwide franchises at the time of renewal.
It is important to note that the then-current standard Franchise Agreement may contain materially different terms and conditions than the original Franchise Agreement. This means that franchisees should carefully review the renewal agreement to understand any changes to their rights and obligations. Failing to meet any of these requirements could result in the denial of the franchise renewal.