What specific financial obligations to Exit must be met for the franchisee to be exempt from changing telephone numbers?

According to Exit's 2025 Franchise Disclosure Document, a franchisee is typically required to change their telephone numbers and assign them to the Subfranchisor upon the agreement's expiration. However, this obligation is waived if the franchisee has met all financial obligations to both Exit and the Subfranchisor and is not otherwise in default of the agreement.

This provision protects Exit and its Subfranchisors by ensuring a smooth transition and preventing customer confusion after a franchise agreement ends. By obtaining the phone numbers, Exit can redirect customer inquiries to the continuing business.

For a prospective Exit franchisee, this means maintaining good financial standing throughout the term of the agreement is crucial. Failure to meet financial obligations could result in the added burden and expense of changing phone numbers at the end of the franchise term, potentially disrupting business and causing customer inconvenience.