What is the initial term of the Focus Cfo franchise agreement?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
ould read these provisions in the agreements attached to this Disclosure Document.
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Term of the franchise | Section 2.1 | Term is 10 years. |
| b. Renewal or extension | Section 2.2 | If, upon expiration of the Initial Term of the |
| of the term | franchise, you are still performing as an Area | |
| Provision | Section in Franchise Agreement | Summary |
| Agreement | President then you shall have the right to renew the franchise if certain conditions are met. | |
| c. Requirements for you to | Section 2.3 | (i) subject to state law, you execute general releases in a form similar to that in Exhibit G; (ii) you have complied with all provisions of the Franchise Agreement; (iii) you have satisfied all Performance Standards as set forth in Attachment E to the Franchise Agreement; (iv) you are not in default of any provisions of the Franchise Agreement or any other agreement between Franchisee and Focus CFO; and (v) we reserve the right to have you sign a new Franchise Agreement which may have terms that are materially different and may require additional training and certification requireme |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 27–32)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, the initial term of the franchise agreement is 10 years. This information is found in Section 2.1 of the franchise agreement, as outlined in Item 17.
At the end of the initial 10-year term, a Focus Cfo franchisee has the option to renew the franchise agreement if they meet certain conditions. These conditions include executing general releases, complying with all provisions of the Franchise Agreement, satisfying all Performance Standards, and not being in default of any agreements with Focus Cfo.
Focus Cfo also reserves the right to require franchisees to sign a new Franchise Agreement upon renewal, which may contain terms that are materially different from the original agreement and may require additional training and certification. Additionally, a renewal fee of $2,500 is required to be paid to Focus Cfo to renew the franchise.