What are the contractual requirements for renewal terms for a Floors To Go franchise?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
THE FOLLOWING TABLE LISTS CERTAIN IMPORTANT PROVISIONS OF THE FRANCHISE AGREEMENT PERTAINING TO ASSIGNMENT AND CHOICE OF LAW WHICH MAY BE SUPERSEDED BY THE MARYLAND FRANCHISE REGISTRATION AND DISCLOSURE LAW.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
The 2025 Floors To Go Franchise Disclosure Document does not contain comprehensive information regarding the specific contractual requirements for renewal terms. However, Item 17 includes a table that summarizes provisions of the franchise agreement pertaining to renewal, termination, transfer, and dispute resolution.
Additionally, the FDD includes state-specific addenda that may modify the standard franchise agreement terms related to renewal for franchisees in certain states. For example, the Maryland Disclosure (Exhibit D-6) indicates that Item 17 of the FDD, which covers renewal, termination, transfer, and dispute resolution, may be superseded by Maryland franchise law. Similarly, Exhibit D-15, the Washington Disclosure, states that the document contains a summary of certain material provisions of the franchise agreement, implying that further details would be in the agreement itself.
To fully understand the renewal terms, a prospective franchisee should carefully review Item 17 of the FDD, all state-specific addenda, and the complete franchise agreement. It is essential to clarify with Floors To Go the conditions for renewal, the length of the renewal term, any associated fees, and the potential for changes to the territory or other terms upon renewal. Consulting with a franchise attorney is also recommended to ensure a complete understanding of their rights and obligations.