What contractual requirements must be met to renew a Floors To Go membership?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
You will also have the right to renew your FTG membership for successive terms of five (5) years.
- 2.2.
Conditions to Renewal.
If you would like to renew your FTG membership for a successive term of five (5) years and you meet the conditions contained in this Section 2.2, you must provide us with written notice, by registered or certified mail, of your exercise of each option, not less than sixty (60) days prior to the expiration of your membership (each a "Renewal Term").
If you do not provide us with such notice and a renewal fee as set forth in Section 6.6, this Agreement will continue on a month-to-month basis until we either (i) send you notice of termination, or (ii) we agree to renew the Agreement pursuant to the terms provided herein, whichever occurs first.
Our only conditions to your renewal of this Agreement are that (a) you cannot be in default of any material term or condition of any amendments hereof, or any other agreement in which we are both a party; (b) you execute the then-current FTG System membership agreement, which agreement shall supersede this Agreement in all respects, and which may contain terms that materially differ from the terms of this Agreement, such as different fee requirements and territorial rights; and (c) you pay the applicable renewal fee (see Section 6.7 for details).
- 2.3.
Notice Required By Law.
Where required by law, we will give you notice prior to the expiration of the Original Term or any Renewal Term.
This Agreement shall remain in effect on a month-to-month basis until we have given the requisite notice required by such applicable law.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, a franchisee has the right to renew their membership for additional five-year terms. To renew the Floors To Go membership, the franchisee must provide written notice via registered or certified mail at least 60 days before the current membership term expires. Additionally, the franchisee must pay the applicable renewal fee, as detailed in Section 6.7 of the agreement.
Floors To Go has specific conditions that must be met for a renewal to be granted. The franchisee must not be in default of any material term or condition outlined in the franchise agreement, any amendments to it, or any other agreement where both parties are involved. The franchisee is also required to execute the then-current Floors To Go System membership agreement, which will supersede the original agreement and may include significantly different terms, such as altered fee structures and territorial rights.
If the franchisee fails to provide the required notice or pay the renewal fee, the Floors To Go agreement will continue on a month-to-month basis. During this period, Floors To Go retains the right to either send a notice of termination or agree to renew the agreement under the existing terms, whichever comes first. Where required by law, Floors To Go will provide notice prior to the expiration of the original term or any renewal term, and the agreement will remain in effect on a month-to-month basis until the requisite notice has been given.