For how long can a Hydrodog franchisee renew or extend their franchise term if they are in good standing?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
d agreements. You should read these provisions in the agreements attached to this disclosure document.**
| Provisions | Other Agreement | Summary |
|---|---|---|
| (a) | Section 2.2 | 10 years |
| Length of the Franchise | ||
| Term | ||
| (b) | Section 3.1 | If you are in good standing, you can acquire a |
| Renewal or extension | successor franchise for an additional 10-year | |
| of the term | term on our then current terms and conditions. | |
| (c) Requirements for franchisee to renew or extend | Sections 3.1, 3.3, & 3.4 | The term "renewal" refers to extending our franchise relationship at the end of your initial term and any other renewal or extension of the initial term. Your successor franchise rights permit you to remain as a Franchise after the initial term of your Franchise Agreement expires. You must give us written notice of your election to acquire a successor franchise; maintain possession of the HydroDog Vehicle, or secure a substitute, and being it into compliance with our then-current standards and specification; sign our then-current franchise agreement, which may be materially different except that the Royalties and Marketing Fund Fees will be the same as the prior franchise agreement; pay our then-current fees except an initial franchise fee; sign a general release; and satisfactorily complete any new training and refresher programs we require. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 36–38)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, a franchisee in good standing has the option to renew their franchise for an additional term of 10 years. This renewal is contingent upon the franchisee meeting certain requirements outlined in Sections 3.1, 3.3, and 3.4 of the franchise agreement.
To secure a successor franchise, the franchisee must provide written notice of their intent to renew. They must also maintain possession of the HydroDog Vehicle, or secure a suitable replacement, ensuring it meets Hydrodog's current standards and specifications. Furthermore, the franchisee is required to sign the then-current franchise agreement, which may contain terms that differ materially from the original agreement, although the Royalties and Marketing Fund Fees will remain consistent with the prior agreement.
In addition to these conditions, the franchisee must pay Hydrodog's then-current fees, with the exception of the initial franchise fee, and sign a general release. Finally, the franchisee needs to satisfactorily complete any new training and refresher programs that Hydrodog may require at the time of renewal. These stipulations ensure that franchisees remain aligned with Hydrodog's standards and practices, while also providing an opportunity for them to continue operating their franchise under updated terms and conditions.