How long is each renewal term for a Floors To Go membership?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.1.
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.
- 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).
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the initial term of the membership agreement is five years. A Floors To Go franchisee has the option to renew their membership for additional terms, each lasting five years, provided they meet certain conditions.
To renew, the franchisee must provide written notice of their intent to renew at least 60 days before the current term expires. They must also not be in default of any material term or condition of the agreement, any amendments to it, or any other agreement with Floors To Go. Additionally, the franchisee needs to execute the then-current Floors To Go System membership agreement, which may have different terms than the original agreement, and pay the applicable renewal fee.
If the franchisee fails to provide timely notice or pay the renewal fee, the agreement will continue on a month-to-month basis until either Floors To Go sends a termination notice or both parties agree to renew the agreement. This month-to-month arrangement provides some flexibility but lacks the long-term security of a renewed agreement. The new membership agreement may include different fee requirements and territorial rights, so franchisees should carefully review the terms before renewing.