On what page of the Expense Reduction Analysts FDD does it discuss 'TERM AND RENEWAL'?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
Payment Terms: payable when You execute a Franchise Agreement in connection with Your renewal.
Section 15. INITIAL TERM
Ten (10) years
Section 16. RENEWAL TERM
If the Franchisee meets the renewal conditions and is otherwise eligible to renew once the Initial Term of this Franchise Agreement has expired, the Franchisee will have the option of selecting a Renewal Term of five (5) or ten (10) years, provided that Renewal Term would not extend beyond the Expiration Date set forth in the Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to the 2025 Expense Reduction Analysts FDD, information regarding the initial term and renewal options can be found on page 160. The initial term for an Expense Reduction Analysts franchise is ten years. If the franchisee meets the renewal conditions, they have the option to select a renewal term of either five or ten years. However, the renewal term cannot extend beyond the expiration date set forth in the Franchise Agreement.
To renew their Expense Reduction Analysts franchise, a franchisee must meet certain conditions. They must provide written notice of their intent to renew to Expense Reduction Analysts between six and three months before the end of the current term. The franchisee must not be in breach of the agreement at the time of giving notice or at the end of the term, and they must have maintained good standing under the agreement and any other agreements with Expense Reduction Analysts or related parties.
Additionally, the franchisee must have performed all material obligations under the agreement, pay all outstanding amounts due to Expense Reduction Analysts, and pay the renewal fee as outlined in Section 14 of the Data Sheet. Franchisees must also enter into Expense Reduction Analysts' then-current form of regional franchise agreement, which may contain different terms and conditions, and execute a general release in favor of Expense Reduction Analysts and its related parties. Finally, the franchisee must complete any further training or assessment required by Expense Reduction Analysts, covering all associated costs.