Where can I find the definition of 'Initial Term' within the Focus Cfo Franchise Agreement?

According to Focus Cfo's 2025 Franchise Disclosure Document, the definition of 'Initial Term' can be found in Section 2.1 of the Franchise Agreement. This section specifies that the Initial Term of the agreement and the franchise is ten years from the Effective Date, unless the agreement is terminated earlier according to Section 11.

This ten-year initial term is a standard duration for franchise agreements across various industries. It provides Focus Cfo franchisees with a defined period to establish and grow their business under the Focus Cfo brand. Understanding the length of the initial term is crucial for financial planning and assessing the long-term viability of the franchise.

Furthermore, the agreement outlines the conditions for renewal after the Initial Term. These conditions include executing general releases, meeting performance standards, not being in default of any agreements with Focus Cfo, executing Focus Cfo's then-current Franchise Agreement, paying a renewal fee of $2,500, and satisfying any additional training and certification requirements. These stipulations are typical in franchise agreements to ensure that franchisees continue to meet the franchisor's standards and maintain the brand's integrity.