Are unexercised renewal or extension rights terminated in the event of an assignment related to a Face Foundrie franchise?

According to Face Foundrie's 2025 Franchise Disclosure Document, unexercised renewal or extension rights are not terminated in the event of an assignment. Instead, these rights will benefit the assignee. This provision is specifically in reference to the lease agreement associated with the Face Foundrie franchise location.

This clause protects the franchisee (or the assignee) by ensuring that the option to renew or extend the lease remains valid even if the lease is assigned to another party. This is a significant benefit because it provides stability and continuity for the business location, which is crucial for maintaining customer relationships and operational efficiency. Without this protection, a change in lease ownership could jeopardize the franchisee's ability to continue operating at the same location.

For a prospective Face Foundrie franchisee, this clause offers reassurance that their investment in a specific location is somewhat protected against unforeseen changes in property ownership or management. It ensures that the franchisee can continue to operate their business without the immediate risk of losing their location due to lease termination following an assignment. This is a valuable consideration when evaluating the long-term viability of a Face Foundrie franchise.