What conditions must be met to apply for a mutual termination of the Expense Reduction Analysts Franchise Agreement?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
You may apply for a mutual termination of this Agreement only once five (5) years have passed since the Commencement Date of the ERA Business, provided that You:
- (1) give the Franchisor a minimum of 6 months' prior written notice, and pay to the Franchisor all amounts due up until the mutually agreed termination of this Agreement;
- (2) are not in breach of this Agreement; and
- (3) sign the Franchisor's form of mutual termination and release agreement, as well as any other documents that Franchisor may require in connection with the termination of the Business;
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to the 2025 Expense Reduction Analysts Franchise Disclosure Document, a franchisee can apply for a mutual termination of the franchise agreement after five years from the commencement date of the ERA Business.
To be eligible for mutual termination, the franchisee must provide Expense Reduction Analysts with a minimum of six months' prior written notice. Additionally, the franchisee must pay all outstanding amounts due to Expense Reduction Analysts up to the mutually agreed termination date.
Furthermore, the franchisee must not be in breach of the Franchise Agreement at the time of application. Finally, the franchisee is required to sign Expense Reduction Analysts' standard mutual termination and release agreement, along with any other documents that Expense Reduction Analysts may require to facilitate the termination of the business.