What are the two ways a Hyper Kidz franchisee can indicate they do not wish to renew their franchise agreement?

The 2024 Hyper Kidz Franchise Disclosure Document (FDD) does not explicitly state the ways a franchisee can formally indicate they do not wish to renew their franchise agreement. However, Section 17.4, titled 'Your Election Not to Renew,' implies that a franchisee has the option to not renew the agreement.

While the FDD does not detail the specific procedures for a franchisee to decline renewal, it does outline circumstances under which Hyper Kidz, as the franchisor, might refuse renewal. These include situations where the franchisee's lease isn't extended to cover the renewal term or if the franchisee fails to substantially comply with the franchise agreement terms, doesn't pay owed amounts, or fails to correct defaults from the initial term.

To fully understand the process for a Hyper Kidz franchisee to elect not to renew their agreement, a prospective franchisee should ask the franchisor about the required notification period, the specific steps to follow, and any associated documentation or procedures. This information is crucial for making an informed decision regarding the future of their franchise.