Does the Focus Cfo Franchise Agreement require Focus Cfo to offer a renewal agreement to Wisconsin franchisees?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
ll be fully refunded.
- 1.8. Termination of this Agreement shall constitute a termination of the Franchise.
2. TERM AND RIGHT TO RENEW
2.1. This Agreement and the Franchise will have an initial term of ten (10) years from the Effective Date (the "Initial Term"), unless earlier terminated pursuant to Section 11.
2.2. Subject to the provisions of Section 2.3, Franchisee shall have the right to renew the Franchise, on the terms and conditions contained in Focus CFO's then-current Franchise Agreement.
2.3. Franchisee's right to renew the Franchise is conditioned on the following:
- 2.3.1. Prior to the commencement of the renewal term, Franchisee executes general releases (to the extent permitted by applicable law), of any and all claims arising during or out of the Initial Term of this Agreement against Focus CFO and its officers, directors, employees, agents, parent corporations and affiliates;
- 2.3.2. Franchisee has satisfied all Performance Standards as specified in Attachment E to the Franchise Agreement;
2.3.3. Franchisee is not in default of any provision of this Agreement or any other agreement with Focus CFO;
2.3.4. Franchisee shall execute Focus CFO's then-current Franchise Agreement (with modifications to reflect the fact that the agreement relates to the renewal of the Franchise) which may contain terms that are materially different than the terms of this Agreement. Failure to sign such agreement prior to the termination of the current Agreement shall be deemed an election by Franchisee not to renew the Franchise. Subject to the provisions of Section 12, below, Franchisee has the option to Transfer its Book of Business (as defined in Attachment A) to another franchisee at the end of the Initial Term. At its option, Focus CFO may elect to extend the term of this Agreement rather than entering into a new franchise agreement;
2.3.5. Franchisee pays a renewal fee in the amount of Two Thousand Five Hundred Dollars ($2,500). Such renewal fee shall be paid by Franchisee at the time of executing the then-current Franchise Agreement as
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the Franchise Agreement does not specify any different renewal terms or conditions for franchisees in Wisconsin. The standard renewal terms apply to all franchisees, regardless of their location.
Specifically, the Focus Cfo Franchise Agreement has an initial term of ten years. A franchisee has the right to renew the franchise, subject to certain conditions. 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.
The renewal agreement that a franchisee must sign may contain terms that are materially different from the original agreement. Focus Cfo also has the option to extend the term of the existing agreement rather than entering into a new franchise agreement.
A Focus Cfo franchisee's right to renew is contingent upon meeting all the listed requirements. Failure to meet these requirements gives Focus Cfo the right to deny a renewal. Franchisees should carefully review the then-current Franchise Agreement and ensure they can meet all obligations to maintain their renewal rights.