Where on the Jersey Mikes Franchise Agreement summary page is the expiration date of the agreement specified?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
2.1 This Agreement shall be effective and binding from the date of its execution by Franchisor (the "Effective Date") and shall expire ten (10) years from the Effective Date, which is described as the Expiration Date on the Summary Pages.
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the expiration date of the franchise agreement is specified on the Summary Pages. The franchise agreement is effective from the date of its execution by Jersey Mike's, referred to as the "Effective Date," and it expires ten years from this date. This expiration date is explicitly described as the "Expiration Date" on the Summary Pages.
This means that a prospective franchisee can quickly find the term length of their agreement on the summary page. The initial term of the Jersey Mike's franchise agreement is 10 years, but franchisees have the option to renew the franchise for one additional term of 10 years, provided certain conditions are met. These conditions include substantial compliance with the agreement, maintaining possession of the restaurant premises, meeting current standards for new or renewing Jersey Mike's restaurants, providing timely notice of renewal, satisfying all monetary obligations, signing the then-current form of the franchise agreement, complying with qualification and training requirements, and signing a general release of claims against Jersey Mike's.
Jersey Mike's must also provide written notice of its election not to renew the franchise at least one month prior to the Expiration Date, specifying the reasons for non-renewal. This ensures that franchisees are informed well in advance about the future of their franchise agreement. The agreement also states that the franchisee may only operate the Franchised Restaurant at the location specified on the Summary Pages.