Under the Hydrodog agreement, can the time period for refraining from certain activities be extended?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon your death or disability or, if you are a Business Entity, the death or disability of the owner of a controlling interest in you, your or such owner's executor, administrator, conservator, guardian or other personal representative must transfer your interest in this Agreement or such owner's interest in you to a third party.
Such disposition of this Agreement or the interest in you (including, without limitation, transfer by bequest or inheritance) must be completed within a reasonable time, not to exceed 6 months from the date of death or disability, provided that we may extend this period for up to an additional 6 months upon written request showing good cause for such extension, and will be subject to all of the terms and conditions applicable to transfers contained in this Section.
A failure to transfer your interest in this Agreement or the ownership interest in you within this period of time constitutes a breach of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to the 2025 Hydrodog Franchise Disclosure Document, in the event of the death or disability of the franchisee or the owner of a controlling interest in a Hydrodog Business Entity, the agreement outlines a process for transferring the ownership interest. Initially, the executor, administrator, conservator, guardian, or other personal representative has a "reasonable time, not to exceed 6 months from the date of death or disability" to complete the transfer.
However, Hydrodog may grant an extension to this timeframe. The FDD states that Hydrodog "may extend this period for up to an additional 6 months upon written request showing good cause for such extension." This means that under certain circumstances, the standard 6-month period can be extended to a total of 12 months, providing additional time to manage the transfer of ownership.
It is important to note that securing this extension is not guaranteed. The personal representative must submit a written request demonstrating a valid reason for needing more time. Hydrodog retains the discretion to approve or deny the extension request based on the merits of the case. Failure to transfer the interest within the initial or extended timeframe constitutes a breach of the Hydrodog agreement.