What is the duration of the Original Term for a Floors To Go membership agreement?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
Duration/Renewal.
Our relationship will begin on the date this Agreement is signed by you and us and will continue for a period of five (5) years (the "Original Term").
You will also have the right to renew your FTG membership for successive terms of five (5) years.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, the initial term of the membership agreement is five years. The agreement commences on the date that both the franchisee and Floors To Go sign the agreement.
Floors To Go also offers franchisees the option to renew their membership for additional five-year terms. To renew, a franchisee must provide written notice of their intent to renew at least 60 days before the current term expires. The franchisee must not be in default of the agreement, must execute the then-current membership agreement, and must pay the applicable renewal fee.
If a franchisee fails to provide the required notice or pay the renewal fee, the agreement will continue on a month-to-month basis. Floors To Go can then send a notice of termination or agree to renew the agreement. Floors To Go will provide notice prior to the expiration of the original term or any renewal term, as required by law.